Personal Loan Calculator
This personal loan calculator estimates payments for an unsecured or general-purpose personal loan in U.S.
dollars.
Enter loan amount, interest rate or APR, term, origination fee, and payment frequency.
The result shows estimated payment, total interest, total repayment, and APR impact if fees are included.
| Payments | 60 | |
|---|---|---|
| Payments per year | 12 | |
| Origination fee | $300 |
Assumptions
- This uses fixed-rate amortization.
- APR with fees is an approximation and may differ from lender disclosures.
How this calculator works
Formula used
Payment uses the standard amortizing loan formula: P x r / (1 - (1 + r)^-n), adjusted for payment frequency.
Example calculation
A $12,000 personal loan at 10% for five years shows the estimated monthly payment, interest, and total repayment.
Personal Loan Calculator FAQ
Is this personal loan calculator exact?
No. It is an estimate for U.S. personal finance planning. Your actual loan payment can vary based on lender terms, spending changes, fees, taxes, and account rules.
What information do I need for the personal loan calculator?
Use your current balances, monthly income or payments, APRs, expected savings, and realistic U.S. dollar amounts from your budget or statements.
Can I use this before talking to a financial professional?
Yes, it can help you prepare questions and compare scenarios, but it is not financial, tax, legal, or investment advice.