Calculate personal loan payments, total interest and total cost for any amount, rate and term — see monthly and yearly.
Calculate personal loan payments, total interest and total cost for any amount, rate and term — see monthly and yearly.
Enter values above and click Calculate — results will appear here with the formula explained.
Personal loans are unsecured term loans, amortized like auto loans. Payment is principal plus interest over term. Total interest is total paid minus principal.
Rates 6-36% depending on credit. Shorter term saves interest but raises payment. This is fixed rate, no fees, no variable.
For YMYL borrowing, compare APR including origination fees (1-8%) and ensure debt-to-income under 36% with this payment.
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Personal Loan Calculator computes calculate personal loan payments, total interest and total cost for any amount, rate and term — see monthly and yearly. Formula: Payment = P*r*(1+r)^n/((1+r)^n-1) where r=rate/12, n=years*12. Example: With $15k at 9.
Personal loans are unsecured term loans, amortized like auto loans. Payment is principal plus interest over term. Total interest is total paid minus principal.
Rates 6-36% depending on credit. Shorter term saves interest but raises payment. This is fixed rate, no fees, no variable.
For YMYL borrowing, compare APR including origination fees (1-8%) and ensure debt-to-income under 36% with this payment.
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With $15k at 9.5% for 5 years: payment about $315/mo, total interest about $3,900, total paid $18,900.
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