Excel Formulas to Calculate the Cumulative Loan Interest ~ Easily!!
Tags: excelformula, excelformulas
Published: 2021-06-28 09:24:53

---
title: Excel Formulas to Calculate the Cumulative Loan Interest ~ Easily!!
published: true
date: 2021-06-20 09:06:40 UTC
tags: ExcelFormula,Excelformulas
canonical_url: https://geekexcel.com/excel-formulas-to-calculate-the-cumulative-loan-interest-easily/
---

Excel allows a user to **calculate a cumulative loan interest** , by using the  **CUMIPMT**  **function**. This step-by-step tutorial will assist you to solve this problem. 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 Cumulative Loan Interest](https://geekexcel.com/wp-content/uploads/2021/06/Calculate-Cumulative-Loan-Interest.png)](https://geekexcel.com/excel-formulas-to-calculate-the-cumulative-loan-interest-easily/calculate-cumulative-loan-interest/#main)<figcaption id="caption-attachment-47704">Calculate Cumulative Loan Interest</figcaption>

## Generic Formula:

- If you want to calculate the loan interest in Excel, you can use the below formula.

**=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.
- **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 cumulative loan interest.

![Input Ranges](https://geekexcel.com/wp-content/uploads/2021/06/Input-Ranges-50.png)<figcaption id="caption-attachment-47706">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-64.png)<figcaption id="caption-attachment-47705">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-50.png)<figcaption id="caption-attachment-47703">Result</figcaption>

## Verdict:

From this chapter, we will show the simple formulas to **calculate the cumulative loan interest in Excel**. Leave a **comment** or **reply** below to let me know what you think!

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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