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Personal Loan Calculator

Monthly payment and total interest on an unsecured personal loan.

Estimate the monthly payment, total interest, and total cost of a fixed-rate personal loan from principal, rate, and term.

Nadia Almasri By Nadia Almasri
Published Last reviewed 1 min read

Inputs

$
%
months

Results

Enter values and click Calculate to see results.
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How to use this calculator

  1. Fill in the inputs above using the units you already have.
  2. Values update automatically as you type — no submit button needed.
  3. Hover any result row for the underlying formula and intermediate values.

Formula

Same amortization formula as a mortgage: M = P · r / (1 − (1 + r)−n).

In depth

Estimate the monthly payment, total interest, and total cost of a fixed-rate personal loan from principal, rate, and term.