Personal Loan Calculator
Estimate monthly payments and total interest on a personal loan
Use this when you need a fast, accurate result — no sign-up, works entirely in your browser.
Monthly payment—
Total paid—
Total interest—
How to Use
- Enter your details into the fields above.
- Click the calculate button to get your result instantly.
- Use the clear button to start a new calculation.
Example
- Loan $15,000, 8.5% APR, 4 years → Monthly payment ≈ $370, total interest ≈ $2,760
- $20,000 loan, 6.5% APR, 5 years → Monthly payment ≈ $391.32; total interest ≈ $3,479.38
Formula
Monthly payment = P × r × (1+r)n / ((1+r)n − 1), with P = principal, r = monthly rate, n = months. Total interest = payments − principal.
About Personal Loan Calculator
Estimate monthly payments and total interest on a personal loan. This free online tool gives you fast, accurate results without registration or downloads.
Everything runs locally in your browser, so your data is never uploaded or stored — privacy first.
Frequently Asked Questions
How is my personal loan monthly payment calculated? +
It uses the loan amount, annual interest rate and term in years with a standard amortization formula, showing your monthly payment, total paid, and total interest.
What is a typical personal loan rate? +
Personal loan APRs typically range from about 6% to 36% depending on credit. Use this tool to compare scenarios.
Is this calculator free? +
Yes, it is completely free with no registration or download.