Loan Calculators

Personal Loan Calculator

Consolidate debt or fund a major purchase. Estimate your monthly personal loan payments and total interest to find the right borrowing terms for your budget.

Assumptions

Adjust values

Loan amount Interest rate Loan term (years) Upfront fees

Estimated monthly payment

$601.14

Total interest

$6,068.31

Total paid

$36,318.31

Loan term

60 months

Loan amount $30,000.00

Fees $250.00

About this tool

Personal loans are incredibly versatile—they can be used to consolidate high-interest credit card debt, cover unexpected medical bills, or fund a major life event like a wedding or home repair. Because they are typically unsecured, the interest rates you are offered can vary significantly based on your credit score. This free Personal Loan Calculator helps you evaluate your options before you apply and trigger a hard credit check. By entering the loan amount, expected interest rate, and repayment term, you can instantly see your estimated monthly payment and the total cost of borrowing. Use this tool to compare different offers side-by-side, figure out how quickly you can become debt-free, and ensure the new loan payment fits comfortably within your monthly budget.

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