Loan Calculator
Find out how much you can borrow for a target monthly payment, interest rate, and term.
Calculate
Enter your values below.
Result
Maximum loan amount
0
Formula used
Inverts the standard EMI formula to solve for the loan principal, given a fixed monthly payment, rate, and term.
Example: $500/month at 8% for 48 months → maximum loan ≈ $20,554.
How to use this calculator
- Enter Target monthly payment, Annual interest rate (%), Loan term (months).
- Press Calculate to see your result instantly.
FAQ
Frequently asked questions
How is this different from the Loan EMI Calculator?
EMI solves for the monthly payment given a loan amount; this solves the reverse — the loan amount given a target payment.
Why is this useful?
It helps you budget: decide what you can afford monthly, then see what loan size that supports.
Does a lower rate let me borrow more?
Yes — at the same monthly payment, a lower rate supports a larger loan amount.
What if the interest rate is 0%?
The maximum loan is simply payment × number of months.