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Personal Loan Calculator
See what a personal loan will really cost. Enter the amount, rate and term to find the monthly payment and the total interest.
A personal loan is simple on the surface — borrow a sum, repay it monthly — but offers differ in rate, term and fees enough to change the true cost by a lot. This calculator lines any offer up as payment, total interest and total repaid, so comparisons are honest.
How to use this calculator
- Enter the amount you need.
- Add the interest rate (APR if the lender quotes it).
- Enter the term in months.
- Press calculate to see the payment and the full cost.
Borrow the need, not the approval
Being approved for more is not a reason to take more: every extra amount borrowed costs interest for years. And keep the term as short as the monthly budget honestly allows; the total-cost line in the result is the reason why.
Frequently asked questions
What APR should I expect on a personal loan?
It depends mostly on credit history and income stability. Strong credit can reach single digits in some markets; weaker files pay much more. Your own quotes are the only ones that count.
Are there fees on personal loans?
Many lenders charge an origination or arrangement fee, sometimes deducted from the amount you receive. Add it to the cost when comparing offers.
Can I repay early?
Often yes, but some loans charge early-repayment fees. If you plan to overpay, check that clause before choosing the loan.