Estimate Your Monthly Payment

Use this free personal loan calculator to estimate your monthly payment, total interest, and total cost before you borrow. Enter your loan amount, interest rate, and term to see how different scenarios affect what you’ll pay — helpful whether you’re comparing lenders or deciding how much to borrow.

Free Tool

Personal Loan Calculator

$
$500$100,000
%
1%36%
months
6 mo84 mo

Estimated Payment

$320

per month

Principal Interest
Total Principal $10,000
Total Interest $1,509
Total Cost of Loan $11,509

This calculator provides estimates for informational purposes only and does not constitute a loan offer. Actual rates and payments depend on the lender and your credit profile.

How to Use This Calculator

  1. Enter your loan amount — the total amount you’re looking to borrow, from $500 to $100,000.
  2. Enter your interest rate (APR) — check your loan offer or lender quote for this number. If you’re not sure yet, try a few different rates to see how much they affect your payment.
  3. Choose your loan term — toggle between months and years, and use the slider or type in a specific term.
  4. Review your results — your estimated monthly payment updates instantly, along with your total interest paid and total cost of the loan over its full term.

Tip: A longer loan term usually lowers your monthly payment but increases the total interest you’ll pay over time. A shorter term does the opposite — higher monthly payments, but less interest overall. Try adjusting the term slider to see this tradeoff for your own numbers.