Calculate emi on bank loans.
Find the rate of interest on a loan given the loan amount, repayment amount, payment interval and tenure of the loan.
It is not possible to solve for r (interest rate per annum in %) by rearranging the the loan formula outlined on the page for loan repayment. So we calculate the loan rate by guessing a value until it satisfies the loan equation, together with other values.
Disclaimer:- The content of this website does not constitute financial advice and is solely meant for information purpose. The calculations are accurate as per the prescribed formula.