Personal Loan Calculator: The Complete Guide
Work out the monthly cost of a personal loan instantly. Enter how much you want to borrow, the interest rate, and the repayment term to see your monthly payment and the total interest you'll pay.
Who the Personal Loan Calculator is for
People considering a personal loan for consolidation, a big purchase, or an emergency who want to compare monthly payments and total cost.
How to use the Personal Loan Calculator
- Type your values into the fields above — pick your currency or units where the calculator offers them.
- Results update automatically as you type; there's no submit button and nothing is sent to a server.
- Adjust any input to compare scenarios, then copy the result with a single click.
How it works
Monthly payment = P × r ÷ (1 − (1 + r)^−n), where P is the amount borrowed, r is the monthly rate, and n is the number of monthly payments. Personal loans usually run 1–7 years.
Features
- Monthly payment estimate
- Total interest & cost
- Any currency & term
- Compare offers fast
About personal loans
A personal loan is an unsecured, fixed-rate loan repaid in equal monthly instalments, typically over one to seven years. Because it's unsecured, the rate is usually higher than a mortgage. This calculator shows the monthly payment and total interest so you can compare lenders on equal terms.