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Finance Calculators

Remaining Loan Balance Calculator

Verified formula Updated Jun 2026 Private — runs on your device

Enter details
%
years
months
Verified formula Private

Remaining balance

₹1,88,991.47

Monthly payment
₹1,432.86

For general information only — not financial, tax, legal or medical advice. Verify before you rely on it.

How to use the Remaining Loan Balance Calculator

The Remaining Loan Balance Calculator works out your remaining balance, along with 1 related figure in an instant. Enter original loan amount, annual interest rate and loan term and the result updates as you type — it is free, needs no sign-up, and runs entirely in your browser so your figures stay private.

  1. Enter the original loan amount.
  2. Enter the annual interest rate.
  3. Enter the loan term.
  4. Enter the payments made.
  5. Read off your remaining balance, together with monthly payment — the calculator updates automatically, with no button to press.

Formula

The Remaining Loan Balance Calculator uses the formula:

Remaining balance = Original loan amount × (1 + Annual interest rate ÷ 1200)^(Payments made) - (Original loan amount × (Annual interest rate ÷ 1200) × (1 + Annual interest rate ÷ 1200)^(Loan term × 12) ÷ ((1 + Annual interest rate ÷ 1200)^(Loan term × 12) - 1)) × ((1 + Annual interest rate ÷ 1200)^(Payments made) - 1) ÷ (Annual interest rate ÷ 1200)

Worked example

For example, with original loan amount of 200,000, annual interest rate of 6%, loan term of 20 years and payments made of 24 months, the remaining balance is ₹1,88,991.47.

Inputs used
Original loan amount 200,000
Annual interest rate 6%
Loan term 20 years
Payments made 24 months
Results
Remaining balance ₹1,88,991.47
Monthly payment ₹1,432.86

Results are estimates for educational use, not professional advice.

Key terms explained

Interest rate
The percentage charged on a loan or paid on savings, usually quoted per year (per annum).

Frequently asked questions

Grow the principal by interest and subtract the future value of payments made so far. The result is the outstanding balance.

Early payments are mostly interest, so principal falls slowly at first and faster later.

Yes. It uses a standard fixed-rate, fully amortising loan with equal monthly payments.

It helps with refinancing, selling, or planning a prepayment, since you see the exact amount still owed.

The Remaining Loan Balance Calculator uses the formula: Remaining balance = Original loan amount × (1 + Annual interest rate ÷ 1200)^(Payments made) - (Original loan amount × (Annual interest rate ÷ 1200) × (1 + Annual interest rate ÷ 1200)^(Loan term × 12) ÷ ((1 + Annual interest rate ÷ 1200)^(Loan term × 12) - 1)) × ((1 + Annual interest rate ÷ 1200)^(Payments made) - 1) ÷ (Annual interest rate ÷ 1200). For example, with original loan amount of 200,000, annual interest rate of 6%, loan term of 20 years and payments made of 24 months, the remaining balance is ₹1,88,991.47.

Enter the original loan amount. Enter the annual interest rate. Enter the loan term. Enter the payments made. Read off your remaining balance, together with monthly payment — the calculator updates automatically, with no button to press.

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