Personal Loan Calculator
Estimate the monthly payment and total cost of a personal loan before you apply.
Quick answer: enter your details below and click Calculate — your result appears instantly, right here in your browser. Nothing you enter is uploaded or stored.
P
Calculators
Enter your details below.
How to use
- Enter the amount you want to borrow.
- Enter the annual interest rate and the term in years.
- Press Calculate to see the monthly payment and total cost.
About this tool
Personal loans are usually repaid in equal monthly instalments over a fixed number of years. This calculator applies the standard loan formula to your amount, annual rate and term, so you can see the monthly payment, the total you will repay, and how much of that total is interest.
Frequently asked questions
Should I choose a shorter or longer term?
A shorter term means a higher monthly payment but less total interest. A longer term is easier each month but costs more overall.
Does this include fees?
No. It covers principal and interest only, so check separately for any origination or late fees your lender charges.