Personal loan calculator
The monthly payment and interest on a personal loan, with its schedule. Free, with no account or uploads.
Your personal loan's payment
Type the amount, the rate and the years; fees for the APR are under More options.
An example to start from; type your own.
With these numbers
$332.14 a month for 3 years
Interest adds $1,957, about the same as 6 of the payments. From month 1, more of each payment goes to the loan than to interest.
The dashed line is month 1, where more goes to the loan than to interest.
Show the numbers as a table
| Year | To the loan | Interest |
|---|---|---|
| Year 1 | $2,944 | $1,042 |
| Year 2 | $3,318 | $668 |
| Year 3 | $3,738 | $247 |
Each month's interest is rounded to the cent, half up, and the last payment pays what is left, so your lender's schedule may differ by a few cents.
Paid on top of every payment, straight off the loan.
For the APR: the yearly rate with the fees counted, as US Regulation Z and India's Key Facts Statement work it out.
A little help along the way
Follow these steps. Every option is explained underneath. Everything runs in your browser; nothing is sent anywhere.
- Say what you are working outA home, car or personal loan, paying off a card, or checking an offer.
- Type the amount, the rate and the termThe page starts with an example; type your own.
- Read the answerThe payment and the interest in words first, then the chart and the schedule.
- Download the scheduleAs CSV, a spreadsheet or a PDF.
Questions people ask
- What is the APR?
- The yearly rate with fees paid at the start counted in, worked out by the actuarial method of US Regulation Z, as India's Key Facts Statement also works it.
- Can I download the schedule?
- Yes, as CSV, a spreadsheet or a PDF, made on your device.
- Is this financial advice?
- No. It is arithmetic on the numbers you type; rates, fees and rules differ by lender and place, so check your own papers.
This page is the Loan calculator, opened for this one job; every other tool it has is one press away. Each of its settings is explained on the Loan calculator's own page.
Read the step-by-step guideKeep going
Guides
- Personal loan EMI and interest: how much will I pay?
- How much does a loan really cost?
- How is EMI calculated? The formula with an example
- Home loan EMI: how much interest will I pay?
- How much will a car loan cost me each month?
- How is a mortgage payment calculated?
- How much sooner will extra payments pay off my mortgage?
- What is an amortization schedule and how do I read it?