Personal Loan Calculator
Calculate the monthly payment and total interest on a personal loan from the amount, interest rate, and term.
Monthly payment
$329.76
Total interest
$1,871.36
Total repaid
$11,871.36
How the Personal Loan Calculator works
Enter the loan amount, interest rate (APR), and term in months. The calculator applies the standard amortization formula to find your fixed monthly payment, along with the total interest and total amount you'll repay over the life of the loan.
Frequently asked questions
What's a typical personal loan interest rate?
Rates vary widely by credit score and lender, typically ranging from around 7% for excellent credit to 25%+ for lower credit scores.
Does this include origination fees?
No — this calculates payments on the loan amount you enter. If your lender charges an origination fee deducted from the loan proceeds, you may want to add it to the amount you enter.
How is the monthly payment calculated?
Using the standard fixed-rate amortization formula, which spreads equal payments across the loan term so the balance reaches zero exactly at the end.