Find the monthly payment and total cost of a personal loan.
How this calculator arrives at its answer
Enter the loan amount, rate and term to see the monthly payment, total interest and total paid on a personal loan.
The default scenario, worked through
Take the starting scenario, a loan amount of 250,000. That gives a monthly payment of $1,580.17. Underneath, Monthly payment comes out at $1,580.17 and Total paid at $568,861.22. Change any field and every figure updates as you type.
Getting your answer
- Enter your figures in the fields provided.
- The result updates as you type.
- Review the breakdown below the main number.
The calculation
payment = P × r ÷ (1 − (1+r)⁻ⁿ)
FAQ
What rate will I get?
Personal loan rates depend on credit and lender. Enter a quoted rate to see the payment.
Are there fees?
Some personal loans have origination fees. Use the APR calculator to fold those in.