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14 Other formulas that you can solve using the same Inputs

Certificate of Deposit
Certificate of Deposit=Initial Deposit Amount *(1+(Annual Nominal Interest Rate /Compounding Periods))^(Compounding Periods*Number of Years ) GO
Monthly Mortgage Payment
Monthly Payment=(Mortgage Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods-1) GO
Number of Months
Number of Months=log10((Monthly Payment/Interest Rate)/((Monthly Payment/Interest Rate)-Loan Amount))/log10(1+Interest Rate) GO
Monthly Payment
Monthly Payment=(Loan Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods)-1 GO
Monthly Payment of Car Loan
Monthly Payment of Car Loan=(Interest Rate+Interest Rate/((1+Interest Rate)^Months-1))*Principal Car Loan Amount GO
Nominal Interest Rate
Nominal Interest Rate or Stated Rate=Compounding Periods*((1+Effective Interest Rate)^(1/Compounding Periods)-1) GO
EMI
EMI=Loan Amount*Interest Rate*((1+Interest Rate)^Compounding Periods/((1+Interest Rate)^Compounding Periods-1)) GO
Future Value of a Present Sum when Compounding Periods are given
Future Value=Present Value*(1+(Rate of Return/Compounding Periods))^(Compounding Periods*Number of Periods) GO
Present Value of a Future Sum when compounding periods are given
Present Value=Future Value/(1+(Rate of Return/Compounding Periods))^(Compounding Periods*Number of Periods) GO
Present Value of Annuity
Present Value of Annuity=(Monthly Payment/Interest Rate)*(1-(1/(1+Interest Rate)^Number of Months)) GO
Annual Percentage Yield
Annual Percentage Yield=(1+(Stated annual interest rate/Compounding Periods))^Compounding Periods-1 GO
Future Value of Annuity
Future Value of Annuity=(Monthly Payment/Interest Rate)*((1+Interest Rate)^Number of Periods-1) GO
Future Value of a Present Sum when the total number of periods is given
Future Value=Present Value*(1+Interest Rate)^Total Number of Periods GO
Present Value of a Future Sum when total number of periods is given
Present Value=Future Value/(1+Interest Rate)^Total Number of Periods GO

Loan Amount Formula

Loan Amount=(Annuity Payment/Interest Rate)*(1-(1/(1+Interest Rate)^Compounding Periods))
More formulas
Number of Months GO
Monthly Payment GO
EMI GO
Monthly Payment of Car Loan GO

What is Loan Amount?

A loan amount describes the total amount that an applicant is authorized to borrow. In determining an applicant's maximum loan amount, lenders consider debt-to-income ratio, credit score, credit history, and financial profile. These loan amounts are used for standard loans, credit cards, and line-of-credit accounts. Lenders consider a borrower’s debt-to-income ratio during the underwriting process, which helps to determine how much they believe the borrower would be able to repay and therefore what the maximum loan amount should be. Lenders generally seek borrowers with debt-to-income ratios of 36% or less.

How to Calculate Loan Amount?

Loan Amount calculator uses Loan Amount=(Annuity Payment/Interest Rate)*(1-(1/(1+Interest Rate)^Compounding Periods)) to calculate the Loan Amount, The loan Amount is the original principal on a new loan or principal remaining on an existing loan. Loan Amount and is denoted by Loan Amt symbol.

How to calculate Loan Amount using this online calculator? To use this online calculator for Loan Amount, enter Compounding Periods (n), Annuity Payment (PMT) and Interest Rate (i) and hit the calculate button. Here is how the Loan Amount calculation can be explained with given input values -> 200 = (1200/6)*(1-(1/(1+6)^10)).

FAQ

What is Loan Amount?
The loan Amount is the original principal on a new loan or principal remaining on an existing loan and is represented as Loan Amt=(PMT/i)*(1-(1/(1+i)^n)) or Loan Amount=(Annuity Payment/Interest Rate)*(1-(1/(1+Interest Rate)^Compounding Periods)). Compounding Periods is the number of times compounding will occur during a period, Annuity Payment is a series of payments at fixed intervals, guaranteed for a fixed number of years or the lifetime of one or more individuals and Interest rate is the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
How to calculate Loan Amount?
The loan Amount is the original principal on a new loan or principal remaining on an existing loan is calculated using Loan Amount=(Annuity Payment/Interest Rate)*(1-(1/(1+Interest Rate)^Compounding Periods)). To calculate Loan Amount, you need Compounding Periods (n), Annuity Payment (PMT) and Interest Rate (i). With our tool, you need to enter the respective value for Compounding Periods, Annuity Payment and Interest Rate and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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