Personal Loan Calculator
Find a personal loan's monthly payment, total interest and real APR with an origination fee.
Change the values and press Calculate to work out your own figures.
Enter the amount, rate and term.
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $1,853.93 | $3,245.35 | $16,754.65 |
| 2 | $1,514.10 | $3,585.18 | $13,169.47 |
| 3 | $1,138.68 | $3,960.60 | $9,208.87 |
| 4 | $723.95 | $4,375.33 | $4,833.54 |
| 5 | $265.79 | $4,833.54 | $0.00 |
Show the working
- payment = P × i ÷ (1 − (1 + i)^−n)
- each payment: interest = balance × i (to the cent), the rest repays principal
How to use it
Enter the amount, rate and term.
Enter amounts without commas or with them; rates are percentages (5 for 5%). Negative amounts are allowed where a sign means money paid out.
Key facts
payment = P × i ÷ (1 − (1 + i)^−n); APR counts the fee
Questions
What is the payment on $20,000 at 10% over 5 years?
$424.94 a month.
Formulas
payment = P × i ÷ (1 − (1 + i)^−n); APR counts the fee
Sources
Limitations
- Results are estimates for planning, not offers or financial advice; lenders and banks may round, count days or time payments differently.
- Rates are nominal annual rates compounded as you choose; payments at a different frequency use the equivalent periodic rate.