Loan Formula: Monthly Loan Payment = PMT( Interest Rate, Number of Months in Auto Loan, Auto Loan Amount, 0)
Loan Definition The best free online Loan Calculator is right on this page and so easy to use that literally you could have an answer to your loan question in seconds. All you have to do to use the free Loan Calculator is just enter in the amount of the loan, length of the loan (in months), and the loan monthly interest rate. Also, be sure and check out our auto loan calculator, home equity loan calculator, and payday loan calculator to calculate any and all kinds of loan payments!
How to Calculate Loan Let's be honest - sometimes the best loan calculator is the one that is easy to use and doesn't require us to even know what the loan formula is in the first place! But if you want to know the exact formula for calculating loan then please check out the "Formula" box above.