Use our free Personal Loan Calculator to estimate monthly payments, total repayment, and interest costs instantly. Adjust loan amount, interest rate, and term with easy sliders.
Monthly Payment: $0
Total Payment: $0
Total Interest: $0
Steps to Use the Personal Loan Calculator:
Adjust the slider to set the amount you want to borrow.
Use the slider to input the annual interest rate offered by your lender.
Choose the loan duration in years.
The calculator will display your monthly payment, total repayment, and interest.
Change the values to compare different loan scenarios and find the best option.
M = Monthly Payment
P = Loan Amount (Principal)
r = Monthly Interest Rate (Annual Rate ÷ 12)
n = Total Number of Payments (Years × 12)
A personal loan calculator helps estimate your monthly payment, total repayment, and interest costs based on loan amount, interest rate, and term.
No, this calculator assumes no additional fees. Some lenders may charge processing or origination fees.
Yes. If the interest rate is 0%, the calculator will simply divide the loan amount by the number of months.
The calculator provides estimates. Actual payments may differ depending on fees, prepayment, or rounding by lenders.
It helps you budget better, compare loan offers, and avoid surprises in repayment amounts.
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