Personal Loan Calculator

Calculate personal loan payments and total interest. Compare loan terms to find the best option.

Quick Answer

Personal loans offer fixed rates and predictable payments for debt consolidation, home improvement, or major purchases. Rates range from 6-36% APR based on credit. Compare terms to minimize total interest paid.

Results update automatically as you type

Personal Loan Details

Loan Amount

Interest Rate

Loan Term

Monthly Payment

$322

Total Interest

$4,345

Over 60 payments

Total Cost

$19,345

Cost Breakdown

Principal: $15,000

Interest: $4,345

Pro Tips

•Run multiple scenarios with different values to understand your options
•Bookmark or share your results to reference later
•Check the FAQ section below for answers to common questions

Common Mistakes

•Not accounting for inflation over long time periods
•Forgetting to include all relevant fees and costs
•Using estimates when actual numbers are available

What's Next?

Loans Guide

Learn more about loans strategies

Related Calculators

Explore more tools for your financial planning

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Sources & Accuracy

Last updated: January 14, 2025

Reviewed by: CalcGrid Editorial Team

Data Sources:

Federal Reserve Consumer Credit(2024)

Learn more about how we calculate and our editorial standards.

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