From home improvement projects to major purchases to debt consolidation, a personal loan covers a lot of different financial needs, and its unsecured nature usually means a higher rate than a mortgage or auto loan. Enter your loan amount, interest rate, and term, and this personal loan calculator shows your monthly payment and total interest so you know the real cost before applying.
Personal Loan Calculator
Estimate your monthly payment and overall borrowing cost for unsecured personal loans.
Loan Principal Amortization
Rates on personal loans vary widely based on credit profile, often more than secured loans do, since there’s no collateral backing the loan. Comparing offers from a few different lenders — banks, credit unions, and online lenders each price these loans differently — is one of the more effective ways to lower your rate on this particular loan type.
If you’re specifically considering a personal loan to pay off other debt, our debt consolidation calculator can show whether it actually beats your current balances. For a full month-by-month view of how your payments break down, our loan amortization schedule calculator shows the complete schedule.