Personal Loan Payment Calculator

Enter the loan amount you plan to borrow. Personal loans are typically fully amortizing with equal monthly payments.

Set the APR and term in months. Online lenders often quote 24 to 60 month terms, but your offer may differ.

Use the total interest figure to compare offers with different rates or origination fees outside this calculator.

Personal loans are usually unsecured, meaning the rate reflects your credit profile and income rather than collateral value. A lower monthly payment from a longer term can still mean paying materially more interest by maturity.

Some lenders charge origination fees as a percentage of the loan. If the fee is financed, include it in the principal field; if paid upfront, compare offers using the net cash you actually receive.

Debt consolidation is a common use case. Enter the combined balance you want to refinance, then compare the estimated single payment with your current total monthly outflow to see whether simplification also saves money.

Because rates are fixed in this model, the result is best for installment products with stable payments. Promotional or variable-rate lines of credit need a different repayment projection.