Excel Formulas to Calculate the Payment Periods for Loan ~ Easy Tips!!
Tags: excelformula, excelformulas
Published: 2021-06-29 05:38:04

---
title: Excel Formulas to Calculate the Payment Periods for Loan ~ Easy Tips!!
published: true
date: 2021-06-21 17:10:51 UTC
tags: ExcelFormula,Excelformulas
canonical_url: https://geekexcel.com/excel-formulas-to-calculate-the-payment-periods-for-loan/
---

One of the most common calculation tasks in Excel is to determine the terms of a loan. There is a set of functions designed specifically for this task. Each function finds a different part of the loan equation, given the other part. Today we are going to learn the formulas to **calculate the payment periods for loan amount in Excel**. Let’s jump 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 payment periods for loan](https://geekexcel.com/wp-content/uploads/2021/06/calculate-payment-periods-for-loan.png)](https://geekexcel.com/excel-formulas-to-calculate-the-payment-periods-for-loan/calculate-payment-periods-for-loan/#main)<figcaption id="caption-attachment-47789">calculate payment periods for a loan</figcaption>

## General Formula:

- Use the below formula to calculate the number of payment periods for a loan in Excel.

**=NPER(rate,payment,-loan)**

## Syntax Explanations:

- **NPER** – The Excel **PV function**  is a financial function that returns the present value of an investment.
- **Rate** – It represents the interest rate.
- **Payment** – It represents the total loan amount.
- **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.

- First, we will enter the input values in **Column B** and **Column C**.
- Here we are going to find out the payment periods in months.

![Input Ranges](https://geekexcel.com/wp-content/uploads/2021/06/Input-Ranges-57.png)<figcaption id="caption-attachment-47791">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-71.png)<figcaption id="caption-attachment-47790">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-57.png)<figcaption id="caption-attachment-47788">Result</figcaption>

## Wrap-Up:

From this chapter, you can get some clarification on how to **calculate the payment periods for loan amount in Excel**. We welcome your **comments** and **questions** about this lesson.

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 Loan Interest in Given Year ~ Simple Tips!!](https://geekexcel.com/excel-formulas-to-calculate-loan-interest-in-given-year/)**
- **[How to Select Table Column Using Shortcuts in MS Excel 365?](https://geekexcel.com/easy-shortcuts-to-select-table-column-in-ms-excel-365/)**
- **[Excel Formulas to Calculate the Annual Compound Interest Schedule!!](https://geekexcel.com/excel-formulas-calculate-annual-compound-interest-schedule/)**
- **[Excel Formulas to Strip HTML from Text or Numbers ~ Quick Tips!!](https://geekexcel.com/excel-formulas-to-strip-html-from-text-or-numbers/)**