Personal Loan Calculator
Plan a personal loan: payment, interest and schedule.
All calculations happen locally in your browser — nothing is uploaded, stored or tracked.
Enter the loan amount
What you plan to borrow.
Set rate and term
Your quoted APR and preferred term.
Review the payment
Plus total interest and the full schedule.
What Is a Personal Loan?
A personal loan is a fixed-amount, fixed-rate loan repaid in equal monthly installments over 1–7 years. It is used for debt consolidation, major purchases or expenses. Because the rate is fixed and the term defined, the payment is predictable from day one.
The calculator reports the monthly payment, total interest and full amortization — the same math lenders apply. Enter the rate you have been quoted.
The Formula
P is the amount borrowed, r the monthly rate (APR ÷ 12), n the number of payments. Note that APR includes fees, so a loan with origination costs effectively costs more than the rate suggests.
Your data never leaves your device.
Every calculation on this site runs in your browser using vanilla JavaScript. Nothing is uploaded, stored or tracked.
- 100% local, client-side calculations
- No data stored on any server
- No tracking, no analytics, no ads scripts
- Works offline once loaded
Frequently Asked Questions
How is a personal loan payment calculated?
With the standard amortization formula using your amount, APR and term.
What is a typical personal loan rate?
Rates vary widely by credit — from high single digits to 30%+. The calculator uses the rate you enter.
What is APR vs interest rate?
APR includes fees on top of the interest rate, so it is the truer cost. Use APR when you can.
Does the calculator include origination fees?
No — it models the rate only. Subtract any upfront fee from the amount you receive to see the true cost.
Should I choose a shorter term?
Shorter terms mean higher payments but much less interest. Compare terms to see the difference.