Excel Formulas to Calculate Loan Interest in Given Year ~ Simple Tips!!
Tags: excelformula, excelformulas
Published: 2021-06-29 04:04:03

---
title: Excel Formulas to Calculate Loan Interest in Given Year ~ Simple Tips!!
published: true
date: 2021-06-21 05:49:04 UTC
tags: ExcelFormula,Excelformulas
canonical_url: https://geekexcel.com/excel-formulas-to-calculate-loan-interest-in-given-year/
---

In the previous post, we have learned the formulas to [**calculate the interest rate for loans in Excel**](https://geekexcel.com/excel-formulas-to-calculate-the-interest-rate-for-loan/). Similarly, here we will show the formulas to **calculate the loan interest in a given year in Excel**. Let’s get into this article Get an official version of ** MS Excel**  from the following link: [https://www.microsoft.com/en-in/microsoft-365/excel](https://www.microsoft.com/en-in/microsoft-365/excel)

[![Calculate loan interest in given year](https://geekexcel.com/wp-content/uploads/2021/06/Calculate-loan-interest-in-given-year.png)](https://geekexcel.com/excel-formulas-to-calculate-loan-interest-in-given-year/calculate-loan-interest-in-given-year/#main)<figcaption id="caption-attachment-47749">Calculate loan interest in a given year</figcaption>

## General Formula:

- You can use the below formulas to calculate loan interest in Excel.

**=CUMIPMT(rate,nper,pv,start,end,type)**

## Syntax Explanations:

- **CUMIPMT ** – The Excel  **CUMIPMT **** function** helps to return the cumulative interest paid on a loan between a start period and an end period.
- **Rate** – It represents the interest rate.
- **Nper** – It is the total number of payment periods (months, quarters, years, etc.) in an annuity.
- **Pv** – The present value of all future payments.
- **Start ** – It is the first period of interest.
- **End** – This value represents the last period of interest
- **Comma symbol (,)** – It is a separator that helps to separate a list of values.
- **Parenthesis ()** – The main purpose of this symbol is to group the elements.

## Practical Example:

Refer to the below example image.

- Here, we will enter the input values in **Column B** and **Column C**.
- Now we are going to calculate the loan interest.

![Input Ranges](https://geekexcel.com/wp-content/uploads/2021/06/Input-Ranges-54.png)<figcaption id="caption-attachment-47747">Input Ranges</figcaption>

- Select any cell and apply the above-given formula.

![Enter the formula](https://geekexcel.com/wp-content/uploads/2021/06/Enter-the-formula-68.png)<figcaption id="caption-attachment-47746">Enter the formula</figcaption>

- Finally, press the ** ENTER**  key, you can get the result as shown below.

 

## Closure:

In this chapter, we have learned the formulas to **calculate the loan interest in a given year in Excel**. Hope you like this article. Let me know if you have any **doubts** regarding this article or any other article on this site.

Thank you so much for visiting  **[Geek Excel](https://geekexcel.com/)!! **If you want to learn more helpful formulas, check out [**Excel Formulas**](https://geekexcel.com/excel-formula/) **!! **

### Read Also:

- **[Excel Formulas to Calculate the Cumulative Loan Interest ~ Easily!!](https://geekexcel.com/excel-formulas-to-calculate-the-cumulative-loan-interest-easily/)**
- **[Formulas for Finding Largest Value Smaller than a Specified Number!!](https://geekexcel.com/formulas-for-finding-largest-value-smaller-than-a-specified-number/)**
- **[Excel Formulas to Calculate the Annual Compound Interest Schedule!!](https://geekexcel.com/excel-formulas-calculate-annual-compound-interest-schedule/)**
- **[Excel Formulas to Calculate Annuity Solve for Interest Rate ~ Quickly!!](https://geekexcel.com/excel-formulas-calculate-annuity-solve-for-interest-rate/)**