Personal Loan Calculator

Use it when you want to test the exact inputs on this page: Estimate a personal loan monthly payment. Compare loan terms and interest rates. The result is a check against your assumptions, not proof that a lender, tax app, broker, platform, or provider will use the same number.

Loan amount means the principal you repay, even if a fee means you receive less cash. Interest rate means the yearly rate used for the payment math. Use APR if the offer tells you to compare by APR. Loan term means how many years the payments last. Origination fee means a fee percent charged to create the loan. Some lenders subtract it from the money you receive.

A personal loan can make you repay the full loan amount even when a fee is taken out first. A $12,000 loan with a 2% fee has a $240 fee, so you may receive $11,760 but still make payments on $12,000.

Use the number you are trying to compare. APR usually includes more loan costs than the stated interest rate. If one offer gives APR and another gives only rate, check the lender disclosure before deciding which one is cheaper.

No. It only estimates payment math. Approval can depend on credit, income, debt, lender rules, state rules, identity checks, and the exact loan offer.

In plain language: The calculator uses the fixed-payment loan formula, then estimates any origination fee from the loan amount and shows cash received after the fee. The fee is not added into the payment formula here. The payment is based on the loan amount, then the fee is shown separately so you can see both cash received and cost.

Read monthly payment first, then compare total interest, origination fee, cash received after fee, and total cost with fee. A lower payment can still cost more if the term is longer or the fee is bigger.

This does not include lender approval, official APR disclosures, variable rates, late fees, credit insurance, prepayment rules, scam risk, or credit-score impact. Read the written loan disclosure and watch for late fees, optional insurance, prepayment rules, variable rates, and any request to pay money upfront before a real loan is approved.

Check whether the lender subtracts the fee from proceeds, adds it to the balance, or charges it another way. Also check whether the number you entered is interest rate or APR.

Yes. Legit lenders may charge real fees, but a promise of guaranteed credit in exchange for money upfront is a major scam warning. Check the lender and the written terms before paying anyone.

A longer term spreads the balance across more payments, so the monthly payment can drop. The tradeoff is more months of interest, which can raise the total cost.

No. The calculator runs in your browser tab. Recent answers stay only on the page while you use it, and they are not sent to a server.