Loan Payment Calculator
Work out the monthly payment on a personal loan or any fixed-rate loan.
Example monthly payments
$10,000 at 8%, 3 years$313.36
$15,000 at 9.5%, 5 years$315.03
$30,000 at 7%, 7 years$452.78
How this calculator works
We use the standard loan formula: the payment is the amount that pays off the balance and all interest in equal monthly installments. Total interest is your payments added up minus the amount you borrowed.
FAQ
Is APR the same as the interest rate?
APR can include some fees, so it may be a little higher than the plain rate. Use the APR from your offer.
Does a longer term cost more?
A longer term lowers the monthly payment but you pay more interest in total.
Does this include fees?
No. Origination or other fees are not included.
Rates and limits last updated: October 2026. This is an estimate for general information only, not financial, tax or legal advice.