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Use this personal loan calculator for a clear financial estimate. Results update instantly in your browser.
What this calculator does
Estimate fixed personal-loan payments and the interest charged across the term.
How to use this calculator
- Enter the amount borrowed, annual rate, and repayment term.
- Review the calculation assumptions before using the result.
- A shorter term usually costs less interest but raises the payment.
How to calculate
Enter the personal-loan amount, annual rate, and repayment term.
Worked example
A fixed-rate personal loan produces a projected monthly payment and payoff schedule.
Understanding your result
A shorter term usually costs less interest but raises the payment.
- Your lender's APR may include fees.
- Double-check values and units before calculating.
Personal-loan results are estimates; lender fees and eligibility can change the actual offer.
Frequently asked questions
What does this personal loan calculator do?
Estimate fixed personal-loan payments and the interest charged across the term.
How do I use this personal loan calculator?
Enter the amount borrowed, annual rate, and repayment term.
What does the result mean?
A shorter term usually costs less interest but raises the payment.
What should I check before relying on it?
Your lender's APR may include fees.