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Personal Loan Calculator

A standard installment-loan payment calculator for unsecured personal loans. Enter amount, APR, and term; get monthly payment, total interest, and a payoff schedule. An optional origination fee can be added to principal when the fee is financed. Results run in your browser. This is not a loan offer and does not use live lender rates.

Amount you want to borrow, before a financed origination fee.

Annual percentage rate. 0% is allowed.

Length of the loan in the unit selected below.

Term unit

36 months and 3 years are the same term.

Added to principal when the fee is financed. Leave 0 if you pay it upfront.

Payment estimate

Monthly payment
$332.10
Number of payments
36
Financed principal
$10,000.00
Total interest
$1,955.40
Total paid
$11,955.40

Principal and interest only. Not a loan offer, not live rates, and not taxes or insurance.

Payoff schedule

Year-by-year principal versus interest
YearPrincipalInterestRemaining
$2,944.53$1,040.67$7,055.47
Month 1$232.18$99.92$9,767.82
Month 2$234.50$97.60$9,533.32
Month 3$236.85$95.25$9,296.47
Month 4$239.21$92.89$9,057.26
Month 5$241.60$90.50$8,815.66
Month 6$244.02$88.08$8,571.64
Month 7$246.46$85.64$8,325.18
Month 8$248.92$83.18$8,076.26
Month 9$251.40$80.70$7,824.86
Month 10$253.92$78.18$7,570.94
Month 11$256.45$75.65$7,314.49
Month 12$259.02$73.08$7,055.47
$3,317.64$667.56$3,737.83
$3,737.83$247.17$0.00

Tap a year to see that year’s monthly rows. Each month splits the payment into principal versus interest and shows the remaining balance.

Frequently asked questions

What is the payment formula?

M = P × r(1+r)^n / ((1+r)^n − 1), with r as monthly rate and n as months.

Should I include origination fees?

If the fee is financed, add it to principal. If paid upfront, it does not change the payment but raises APR.

Is this a loan offer?

No. It is an estimate. Lenders set rate and eligibility.

Does this include taxes or insurance?

No. Personal loans are unsecured installment loans; this models principal and interest only.

Can I see the payoff schedule?

Yes. The table splits each payment into principal vs interest and shows remaining balance.

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