United States·Calculators·Personal loan

Personal loan calculator

Monthly repayments on a personal loan, and what the interest adds up to over the term.

Your numbers

Loan amount

$USD

Interest rate

% p.a.

Term

months

Monthly repayment:

$504.69

36 payments

Borrowed$15,000

Total interest$3,169

Total repaid$18,169

Rate12.90%

No. These are general information tools. Each one shows the formula it used so you can check the working, but none of them account for your circumstances.

Level monthly repayments at a fixed rate for the full term. Establishment fees, insurance, early repayment charges and any rate change are not included. Payments, interest, balances and totals are estimates rounded separately for display. Calculations use unrounded payments and interest, so displayed payments may not sum to the total. This is not a lender cash-flow schedule. Amounts over 90 trillion are past what this calculates. The entered annual interest rate is a user scenario, not a sourced market rate or offer The rate remains constant for the full entered term Equal principal-and-interest payments are made monthly No establishment, monthly, early-repayment, late-payment or insurance fees are included No balloon payment, payment holiday, redraw or extra repayment is included Payments, interest, balances and totals are estimates rounded separately for display. Calculations use unrounded payments and interest, so displayed payments may not sum to the total. This is not a lender cash-flow schedule

Source: your own figures · no lender rate assumedThe arithmetic is the same in every country

The fee is part of the price

Personal loan advertising leads with the interest rate, but establishment and monthly account fees can add a meaningful amount to what you repay. Compare total cost, not the headline rate.

A longer term lowers the monthly payment and raises the total interest. Both numbers above move when you change the term; watch the second one.

Common questions

Does this include fees?

No. Add any establishment fee to the amount borrowed and any monthly fee to the repayment to get the real cost.

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