Personal Loan Calculator
Monthly payment = L × r(1+r)^n ÷ ((1+r)^n − 1)r=0.10/12, n=36, payment≈$322.67
Free online tool
Personal Loan Calculator
Enter the loan amount, interest rate and term.
Instant calculation
Personal Loan Calculator
Enter the loan amount, interest rate and term.
Your result
Calculation
Your numbers stay in this browser. Nothing is uploaded or saved.
Three clear steps
How to use this calculator
- 01
Enter loan amount
Type the amount you want to borrow.
- 02
Enter rate and term
Provide the annual interest rate and loan term in months.
- 03
See payment plan
Calculate to see your monthly payment and total repayment.
The formula
How this calculation works
Amortized personal loan with fixed monthly payments over the loan term.
Check the method
Worked examples
Each example follows the same formula used by the calculator.
$10,000 personal loan at 10% for 3 years — payment?
r=0.10/12, n=36, payment≈$322.67≈ $322.67/month; $11,616 totalCommon questions
Questions about this calculation
What is the Personal Loan Calculator?
The Personal Loan Calculator helps you calculate the monthly payment and total cost of a personal loan. Enter your values and select Calculate to get an instant result.
How is the result calculated?
Amortized personal loan with fixed monthly payments over the loan term.
Can you show an example?
Example: $10,000 personal loan at 10% for 3 years — payment? — ≈ $322.67/month; $11,616 total.
Is my data saved when I use the Personal Loan Calculator?
No. All calculations run locally in your browser. Your inputs and results are never uploaded, stored or shared with anyone.
Is the Personal Loan Calculator free to use?
Yes. The Personal Loan Calculator is completely free. No account, sign-up or payment is required. It works on mobile, tablet and desktop.
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