Personal Loan Calculator
Personal Loan Parameters
Adjust the sliders or enter exact values. Results and charts update instantly.
Repayment Summary
See the payment, total interest, fees and estimated cash received at a glance.
Annual Amortization Schedule
A year-by-year view makes it easier to see how your balance and interest change.
| Year | Principal Paid | Interest Paid | Total Paid | Ending Balance |
|---|
Frequently Asked Questions
Common questions about personal loan payment calculations.
How does an origination fee affect my loan?
An origination fee is an upfront charge that may be deducted from the amount you receive. Your scheduled loan payment is still based on the stated loan principal in this calculator.
Does a 0% APR loan still work in this calculator?
Yes. At 0% APR, the estimated monthly payment is simply the loan amount divided by the number of payments, and total interest is $0.
Does a longer loan term lower my payment?
Usually, yes. A longer term spreads repayment over more months, which can lower the monthly payment, but it can also increase total interest paid.
Does the Loan Purpose selection change the calculation?
No. The Loan Purpose field is included as a reference label only. The calculation is driven by loan amount, APR, loan term and origination fee.