CalculatorCast
Math Finance Health & Fitness Date & Time Unit Converters Computer Physics Chemistry Construction Engineering Statistics Education Everyday Life Biology Automotive Cooking & Food Sports & Fitness Real Estate Photography Electrical Agriculture Travel Business
All Calculators Favorites ()
English Español Français Deutsch Português Italiano Nederlands Polski Türkçe 日本語 한국어 Svenska Norsk Dansk Suomi עברית

Personal Loan Calculator

Estimate monthly payments and total interest on a personal loan.

Introduction

Personal Loan Calculator — Estimate monthly payments and total interest on a personal loan. Enter Loan amount, Annual rate (%), Term (months) to get an instant, accurate result.

Formula

Monthly payment = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1), the standard amortizing-loan formula, with a full month-by-month schedule.

Step-by-step

  1. Enter the Loan amount.
  2. Enter the Annual rate (%).
  3. Enter the Term (months).
  4. Click Calculate to see your result instantly.

Real-world example

Example: With Loan amount = 15000, Annual rate (%) = 9, Term (months) = 36, the Personal Loan Calculator gives Monthly Payment: 476.996, Total Interest: 2171.8556, Total Paid: 17171.8556.

Frequently Asked Questions

Does the payment change over the loan term?
No, it is fixed — only the principal/interest split within each payment shifts as the balance declines.
What does the schedule show?
For each month, how much goes to principal vs. interest, and the remaining balance.
What inputs does the Personal Loan Calculator need?
You'll need to provide: Loan amount, Annual rate (%), Term (months). All fields use sensible defaults, so you can see a working example immediately and then adjust the values to match your own numbers.
How accurate is the Personal Loan Calculator?
The Personal Loan Calculator applies the formula exactly as calculated — Monthly payment = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1), the standard amortizing-loan formula, with a full month-by-month schedule. — so results are precise for the inputs you provide. Accuracy depends on entering correct, realistic input values.
Are these results guaranteed?
No. The Personal Loan Calculator gives an estimate based on the numbers you enter and standard financial formulas — actual rates, fees, taxes, and terms vary by lender, institution, and jurisdiction, and can change over time. This is not financial advice; consult a qualified financial professional for decisions specific to your situation.
Is the Personal Loan Calculator free to use?
Yes, the Personal Loan Calculator is completely free, requires no signup, and runs instantly in your browser.

About the Personal Loan Calculator

The Personal Loan Calculator uses a real, verifiable formula — Monthly payment = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1), the standard amortizing-loan formula, with a full month-by-month schedule. — so results are accurate every time, not an approximation.