Personal Loan Calculator
Calculate your monthly payment and total interest for a personal loan.
Calculate your personal loan payment
Works for any unsecured personal loan — enter your own amount, rate and term.
Result
Monthly payment
0
Total interest
0
Total repayment
0
Formula used
Uses the same standard loan amortization formula as any installment loan, applied to a typical unsecured personal loan.
Example: $15,000 at 11% for 36 months → payment ≈ $491.09/month.
How to use this calculator
- Enter Loan amount, Annual interest rate (%), Loan term (months).
- Press Calculate to see your result instantly.
FAQ
Frequently asked questions
How is a personal loan different mathematically from other loans?
It isn't — the same amortization formula applies; only the typical rates and terms differ by loan type.
Are personal loans usually secured or unsecured?
Most personal loans are unsecured, meaning they don't require collateral, which often means higher rates than secured loans like mortgages.
Does this include origination fees?
No — add any fees to the loan amount first if you want them reflected in the payment.
Can I use this for debt consolidation?
Yes — see also the dedicated Debt Consolidation Calculator for combining multiple existing debts.