Loan Outstanding Balance Calculator helps you find the remaining principal, paid EMI count, interest paid and payoff schedule on any loan, so you can track dues and plan prepayment smartly.
Loan Outstanding Balance Calculator
Formula Used
The outstanding loan balance is calculated using:
Outstanding Balance = P × (1 + r)k - [EMI × ((1 + r)k - 1) / r] - Prepayment × (1 + r)(k - m)
Where:
- P = Loan Amount
- r = Monthly Interest Rate (Annual Rate / 12)
- n = Total Loan Term (in months)
- k = Period Passed (in months)
- m = Month when prepayment was made
- EMI = Monthly Payment
Loan Outstanding Balance Calculator is an online tool that lets you instantly check how much of your loan principal is still unpaid after a certain number of EMIs, along with interest already paid and the remaining tenure. It uses standard amortisation formulas for term loans, taking inputs such as original loan amount, interest rate, loan tenure and EMIs paid (or time elapsed) to compute the current outstanding balance and updated repayment schedule.​
By clearly separating principal and interest components across EMIs, the calculator shows how each payment reduces your loan, helping you evaluate the impact of part-prepayments, balance transfers or tenure changes. This makes the Loan Outstanding Balance Calculator especially useful for home, car and personal loan borrowers who want to monitor their dues accurately, save interest through strategic prepayment and take informed decisions about refinancing or closing loans early.