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Personal Loan Calculator

Work out the monthly payment, total interest, and payoff date for a personal loan.

Monthly payment

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Total interest

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Total repaid

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Number of payments

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Payoff date

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Interest as share of cost

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Effective rate on amount borrowed

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Year by year

Year Principal paid Interest paid Balance

This uses standard amortisation, where every payment is identical and covers interest on the outstanding balance first. A real lender may round the final payment, charge a late fee, or use daily interest instead, so treat the last figure as the last payment rather than an exact amount. An upfront fee is added to the total you repay but is not charged monthly interest.

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What Is Personal Loan Calculator?

The Personal Loan Calculator works out the monthly payment, the total interest, and the date you would be clear on an amortising personal loan. It takes the amount, the annual rate, the term, and any upfront fee, and shows a year-by-year table of what each payment actually covers.

Who Uses the Personal Loan Calculator?

People use it to compare a loan offer against a credit union rate, to see what a longer term really costs, and to check whether a fee is worth it. If you have been quoted a rate and want to know what you will actually pay each month, this is the quickest way to find out.

How to Use the Personal Loan Calculator

  1. Enter the amount you want to borrow and the rate you were offered.
  2. Set the term in years or months, and add any upfront fee.
  3. Read the monthly payment, then check the year-by-year table to see how much is interest early on.

Why Choose Our Personal Loan Calculator?

  • Monthly payment, total interest, and payoff date
  • Year-by-year breakdown of principal and interest
  • Shows the real rate when there is an upfront fee
  • Export the table as CSV

Try the Personal Loan Calculator above — it is free, fast, and works on any device. Bookmark this page to return whenever you need it.