Calculate personal loan payments, total interest and APR including the origination fee.
Optional extra payments
| Year | Payments | Principal | Interest | Ending balance |
|---|---|---|---|---|
| 2026 | $1,163.05 | $757.45 | $405.60 | $14,242.55 |
| 2027 | $4,652.19 | $3,245.93 | $1,406.27 | $10,996.62 |
| 2028 | $4,652.19 | $3,621.54 | $1,030.65 | $7,375.08 |
| 2029 | $4,652.19 | $4,040.62 | $611.57 | $3,334.46 |
| 2030 | $3,489.15 | $3,334.46 | $154.69 | $0.00 |
Please do not make financial decisions based on these results.
What is the Personal Loan Calculator?
A personal loan calculator shows the monthly payment, total interest and APR including any origination fee for an unsecured loan.
Choosing the right loan
Compare the total cost, not only the payment. The debt consolidation calculator tests whether one new loan beats several old ones, and the student loan calculator and personal loan calculator cover those specific products.
How loans are priced
Every installment loan is defined by an amount, a rate and a term. The loan calculator and the payment calculator turn those into a payment and a schedule. Fees raise the real cost, which the APR calculator makes visible.
How to use the Personal Loan Calculator
- Enter your numbers. Start with Loan amount ($), Interest rate (% per year), Loan term: years, then fill in Origination fee (% of loan). Take the rate and term from your loan offer. Fees and the rate type change the result. Fields marked optional can stay at zero.
- Read the result. The highlighted box gives the Monthly payment, and the cards below show Total interest, Total of all payments, Time to pay off. Tables and charts break it down further.
- Test other scenarios. Results update as you type. Change one value at a time to see what drives the answer, and press Reset to go back to the defaults.
Formula and how it works
Example with real numbers
Here is the Personal Loan Calculator using the default values shown in the calculator above:
Inputs
| Loan amount ($) | 15,000 |
|---|---|
| Interest rate (% per year) | 11 |
| Loan term: years | 4 |
| Origination fee (% of loan) | 3 |
Results
| Monthly payment | $387.68 |
|---|---|
| Total interest | $3,608.78 |
| Total of all payments | $18,608.78 |
| Time to pay off | 4 yrs |
| Origination fee | $450.00 |
| Net proceeds you receive | $14,550.00 |
| APR including fee | 12.63% |
With these inputs the calculator returns Monthly payment: $387.68. Change any value in the calculator to see how the result moves.
What the results tell you
The results panel of the Personal Loan Calculator reports Monthly payment, total interest, total of all payments, time to pay off, origination fee, net proceeds you receive and apr including fee. Compare these figures while changing one input at a time, and use the related calculators below to look at the same situation from another angle.
Tips for better results
Method and limits. This calculator applies the formula in the section above to your inputs, in your browser; nothing you enter is stored on our servers. Your lender’s offer is the final word: fees, rate type and rounding differ between lenders. It is for information, not financial, tax or legal advice.
Frequently asked questions
Why is APR higher than the rate?
Because the origination fee reduces the cash you receive.
What is an origination fee?
A fee the lender charges for processing the loan, usually 1% to 10% of the amount, deducted from your proceeds.
Can I enter the term in years and months?
Yes. Enter years and months together, for example 6 years and 2 months.
How can I pay off a loan faster?
Pay more than the required amount, add extra yearly or one-time payments, or switch to biweekly payments. Make sure extra payments go to principal.
Are the results guaranteed?
No. Results depend entirely on the numbers you enter and the formulas shown on this page. Please do not make financial decisions based on them alone; confirm important figures with a licensed professional.
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