Calculate monthly payments and total interest on a personal loan. Compare terms and rates to find the most affordable repayment plan.
Personal Loan Calculator helps you make informed financial decisions using current rates and proven formulas. Adjust the inputs below to match your situation and see your personalized results update in real time.
Results are estimates only. Not financial advice.
🔒 Financial Disclaimer: These calculations are estimates for informational purposes only. Results are not financial advice. Consult a qualified financial advisor before making major financial decisions.
Calculations based on publicly available data from government agencies. Actual results may vary based on individual circumstances.
Personal loan rates — updated April 2026
| Lender | Rate | APR | Est. Payment | Action |
|---|---|---|---|---|
Fast Fund LendingBest Rate | 7.990% | 8.500% | $416/mo | |
Direct Lender Plus | 8.490% | 9.000% | $422/mo | |
Personal Loans Co | 9.490% | 10.100% | $434/mo | |
Credit Builder Loan | 10.990% | 11.500% | $449/mo |
Rates shown are for illustrative purposes. Actual rates may vary based on credit score, loan amount, down payment, and market conditions. Contact lenders directly for personalized rate quotes.
The Personal Loan Calculator computes monthly payments and total interest costs for installment loans using the standard amortization formula. Monthly payment is calculated using the loan amount, annual interest rate (converted to monthly rate), and loan term in months. This methodology assumes fixed-rate loans with equal monthly payments over the full loan term. Personal loans are typically unsecured, meaning they do not require collateral, which results in higher interest rates than secured loans like auto loans or mortgages. This calculator helps borrowers understand the true cost of borrowing by showing both monthly payment amount and total interest paid over the life of the loan. It is useful for comparing loan offers from different lenders, deciding between different loan terms, and budgeting for major purchases or debt consolidation. The calculator does not account for origination fees, prepayment penalties, or other lender-specific charges that can affect the actual cost of the loan.
Result: Monthly Payment: $318.71. Total Interest: $4,122.60. Total Cost: $19,122.60.
Be the first to know when 2026 tax brackets, mortgage rates, and insurance data change. Plus, get our free Tax Season Checklist PDF.
No spam, ever. Unsubscribe at any time.
Compare your current debt payments to a single consolidated loan. See monthly savings and total interest reduction from consolidation.
Compare two loan offers side by side. See differences in monthly payments, total interest, and total cost to choose the best deal.
Find out how long it will take to pay off your debt. See total interest cost and experiment with higher payments to get debt-free faster.
Calculate your debt-to-income ratio to see where you stand with lenders. DTI is a key factor in mortgage and loan approval decisions.