Do you require your loan balance but short on time for research? Explore our online calculator for a swift and effortless way to locate your loan balance.
Loan Balance formula
![\[B = A * (1+r)^n - (P/r) * ((1+r)^n - 1)\]](https://x-calculator.com/wp-content/ql-cache/quicklatex.com-b0e3609a0356b486205c599b145f25b4_l3.png "Rendered by QuickLaTeX.com")
where:
- B - is the loan balance or outstanding principal amount.
- A - is the monthly payment amount.
- r - is the monthly interest rate (expressed as a decimal).
- P - is the original principal amount of the loan.
- n - is the number of payments made
