Personal Loan Calculator
Last updated: July 2026
Estimate monthly payments, total repayment, and total interest for a fixed-rate personal loan.
Estimated monthly payment
$0.00
- Cash received after fee: $0.00
- Total of payments: $0.00
- Total interest: $0.00
- Origination fee: $0.00
On this page
Quick summary: Estimate monthly payments, total repayment, and total interest for a fixed-rate personal loan. Enter the requested values, calculate, review the result, and compare more than one realistic scenario before making a decision.
Read the complete guide
What this calculator does
The Personal Loan Calculator estimates payments and borrowing cost for an unsecured or general-purpose installment loan. It can help compare different loan amounts, rates, and terms before applying.
How to use the calculator step by step
Enter the amount you expect to borrow, the quoted annual rate, and the repayment term. If fees are not included in the calculator, consider them separately when comparing lenders.
How the calculation works
Most personal loans use fixed monthly payments calculated from the principal, monthly interest rate, and number of payments. Interest is charged on the remaining balance as the loan amortizes.
Worked example and scenario testing
A 15,000 personal loan at 10% for 48 months has a payment around the high 300s per month under standard amortization. Extending the term lowers the payment but increases total interest.
How to interpret your result
The estimated payment is useful for budgeting, while total interest shows the cost of borrowing over the full term. Approval, final rate, and fees depend on the lender.
Accuracy, assumptions, and limitations
The calculator does not determine credit eligibility and may not include origination fees, optional insurance, late charges, or variable-rate terms.
Common mistakes to avoid
Avoid choosing a loan only because the monthly payment is smaller. A longer term can make the loan substantially more expensive overall.
Privacy and browser-based calculations
Use only general loan values. Do not enter Social Security numbers, bank information, or application credentials.