Excel Formulas to Calculate the Interest Rate for Loan ~ Easy Tricks!!
Tags: excelformula, excelformulas
Published: 2021-06-29 04:03:44

---
title: Excel Formulas to Calculate the Interest Rate for Loan ~ Easy Tricks!!
published: true
date: 2021-06-21 05:38:31 UTC
tags: ExcelFormula,Excelformulas
canonical_url: https://geekexcel.com/excel-formulas-to-calculate-the-interest-rate-for-loan/
---

Managing personal finances can be a challenge, especially when trying to plan your payments and savings. Excel formulas can help you calculate the future value of your debts and investments, making it easier to figure out. Here we will show the formulas to **calculate the interest rate for loan amount in Excel**. Let’s see them below!! 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 the Interest Rate for Loan](https://geekexcel.com/wp-content/uploads/2021/06/Calculate-the-Interest-Rate-for-Loan-.png)](https://geekexcel.com/excel-formulas-to-calculate-the-interest-rate-for-loan/calculate-the-interest-rate-for-loan/#main)<figcaption id="caption-attachment-47742">Calculate the Interest Rate for Loan</figcaption>

## General Formula:

- Use the below formulas to calculate the periodic interest rate for a loan in Excel.

**=[RATE](https://geekexcel.com/how-to-use-excel-rate-function-in-office-365-with-examples/)(periods,payment,-amount)\*10**

## Syntax Explanations:

- **RATE** – The Excel [**RATE**  **function**](https://geekexcel.com/how-to-use-excel-rate-function-in-office-365-with-examples/) helps to return the interest rate evaluated by iteration.
- **Period** – It is the period we want to work with.
- **Payment** – It represents the monthly payment.
- **Amount** – This is the loan amount.
- **Multiplication (\*)** – In this symbol will multiply any two values or numbers.
- **Minus Operator (-)** – This symbol will help to subtract any two values.
- **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 need to calculate the periodic interest rate for a loan.

![Input Ranges](https://geekexcel.com/wp-content/uploads/2021/06/Input-Ranges-53.png)<figcaption id="caption-attachment-47740">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-67.png)<figcaption id="caption-attachment-47739">Enter the formula</figcaption>

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

![Result](https://geekexcel.com/wp-content/uploads/2021/06/Result-53.png)<figcaption id="caption-attachment-47741">Result</figcaption>

## Bottom-Line:

From this tutorial, you can get some clarification on how to **calculate the**  **interest rate for loan amount in Excel**. Hope you like it. Please share your **query** below in the **comment** box.

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/) **!! **

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