Personal Loan Calculator
Calculate your monthly payment and total interest on a personal loan at a given APR and term.
What this estimate includes
The estimate uses a reducing-balance APR: interest is charged on what remains, and each payment gradually shifts from interest toward principal. The page keeps monthly payment and total interest together so term changes are visible.
Check before deciding
An origination fee may reduce the cash you actually receive even when the approved amount looks higher. Check the APR, fee, net proceeds and prepayment clause in the loan agreement before accepting it.
Frequently asked questions
How much will a personal loan cost me in total?
The calculator adds every monthly repayment together and subtracts what you borrowed, so you can see the total interest before you commit.
Does a longer tenure mean lower repayments?
A longer term lowers each monthly payment but increases the total interest you pay overall. A shorter term costs more per month but less in total.
What is the difference between the interest rate and the APR?
The interest rate is the cost of borrowing the principal. The APR also folds in fees, so it usually reflects the true yearly cost more honestly. Compare offers by APR.
Can I pay off a personal loan early?
Often yes, and it saves interest, but some lenders charge an early-settlement fee. Check your agreement before making large extra payments or a full prepayment.