Personal Loan Calculator

Monthly payment uses the standard amortization formula: M = P[r(1+r)^n]/[(1+r)^n-1], where P is principal, r is monthly rate, and n is number of payments. The calculator handles this automatically.

Personal loan rates range from 6-36% depending on credit score. Excellent credit (720+) typically qualifies for 6-12%, good credit (680-719) for 12-18%, and fair credit (640-679) for 18-25%.

Extra payments go directly toward principal, reducing the balance faster. Even small extra payments can shave months or years off your loan and save significant interest over the life of the loan.

Using the Personal Loan Calculator is simple: visit the tool page, enter your data or input into the provided fields, and get instant results. Follow the controls on the page. Some functions require sign-in or a paid plan; see Pricing for limits.

The Free plan includes 10 tool uses per day. Some features require an account or a paid plan. Check the controls on the tool page and Pricing for the applicable limits.

The Personal Loan Calculator returns results based on the inputs and the tool methodology. Check assumptions, units and source dates. Treat projections as estimates. For critical decisions, always consult a qualified professional.

Local calculations run in your browser. AI features, accounts, saved reports and external data requests use server services. Check the tool description and privacy policy for the relevant processing and storage.