Number of Loan Payments Calculator
This Number of Loan Payments Calculator helps you estimate how many monthly payments are needed to fully repay a loan based on the principal, interest rate, and monthly payment.
Loan Payment Term Estimator
Loan Payment Term Formula
\[
n = \frac{\log\left( \frac{p}{p – P \times r} \right)}{\log(1 + r)}
\]
Where:
- $$n$$ = Number of monthly payments
- $$p$$ = Monthly payment amount
- $$P$$ = Principal loan amount
- $$r$$ = Monthly interest rate (annual rate divided by 12)
The Number of Loan Payments Calculator helps you plan your loan term by calculating how many months it will take to fully pay off the principal with regular monthly payments and a given interest rate.