Personal loan calculator
Free browser-based loan and savings estimates. The interactive calculator requires JavaScript; explanations and examples are available below.
Read the guideFree browser-based loan and savings estimates. The interactive calculator requires JavaScript; explanations and examples are available below.
Read the guideEnter the amount you will borrow, the fixed annual interest rate and the term in months. Enter any separately paid upfront fee, then try an optional extra monthly payment. The results separate borrowed principal, interest and fees so a lower monthly payment does not hide a higher lifetime cost.
Use the nominal interest rate for this calculation, not a fee-inclusive APR. A separately paid fee increases the estimated borrowing cost but does not increase the financed balance or the regular installment. If a lender deducts an origination fee from your proceeds or finances it, check the agreement: this model does not automatically reproduce that treatment.
A longer term usually lowers the scheduled payment while increasing total interest at the same rate. Try the actual term you have been offered, then test an extra amount you can afford consistently. Extra principal starts with the first payment and is capped at the amount owed. The model excludes prepayment penalties and late fees; check your lender’s rules before relying on the savings.
For a hypothetical $25,000.00 balance at 8.5% over 60 months, the modeled first debt payment is $512.91 and total interest is $5,774.80. No extra payment is included.
These example rates are not current market quotes. Change the calculator inputs to match your own scenario. Displayed amounts are rounded; calculations use unrounded values.
Yes, as a separately paid cost. It is not added to the financed loan balance.
No. It is an educational fixed-rate monthly estimate, not approval, underwriting or a lender quote.
Read our calculation methodology and limitations before relying on an estimate.
Educational estimates, not financial advice, loan offers or guaranteed returns.