How do I calculate personal loan payments?

Monthly payment = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is loan amount, r is monthly rate, n is number of payments. Personal loans typically range from 6–36% APR depending on credit score.

Personal Loan Calculator

Estimate payments and total interest for a personal loan.

This tool runs in your browser. None of your data is saved or sold.

Loan amount ($)

Annual rate (%)

Years (years)

Payments per year (years)

About This Calculator

Personal loans are unsecured — no collateral required — which makes them fast but typically more expensive than secured debt. Use this calculator to estimate your monthly obligation before applying so you can confirm it fits your budget. The total interest figure is especially useful for comparing personal loans against alternatives like a 0% balance transfer card.

Estimates only — not financial, tax, legal, or investment advice. Verify important results with a qualified professional before making decisions.

PMT = P × r / (1 − (1 + r)^−N); total paid = PMT × N; total interest = total paid − P