Personal Loan Calculator
Calculate monthly payments and total interest for a personal loan. Compare different rates and terms to find the best deal.
Inputs
$
%
years
Results
Monthly Payment
$487.54
Total Payment$17,551.32
Total Interest$2,551.32
Monthly Payment
$487.54
How to Use This Calculator
- Start by filling in the input fields below. Results update instantly as you type, so you can experiment with different values to see how they affect the outcome.
- Loan Amount — Total amount borrowed. Accepts values from $500 to $100,000 (default: $15,000).
- Interest Rate — Annual interest rate as a percentage. Accepts values from 0 % to 36 % (default: 10.5 %).
- Loan Term — Length of the loan in the specified time unit. Accepts values from 1 years to 10 years (default: 3 years).
- Once all inputs are set, review your results in the Results panel. Here's what each output means:
- Monthly Payment — shown as a dollar amount. This is the primary result of this calculator.
- Total Payment — shown as a dollar amount.
- Total Interest — shown as a dollar amount.
- Scroll down to explore 2 charts (Yearly Principal vs Interest, Cost Breakdown) for a visual breakdown of the data.
- Explore the related calculators below if you need deeper analysis or want to approach this topic from a different angle.
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