Loan Calculator

Monthly Payment:
Total Payment:

How does the calculator work?

This free personal loan calculator helps you determine the monthly payments and total cost of a loan based on the principal amount, interest rate, and loan term. Simply enter your loan details to see how much you'll need to pay back.

Understanding the variables

Principal Amount: The total amount of money borrowed.
Annual Interest Rate: The percentage that the lender charges annually for the loan.
Loan Term: The duration over which the loan will be repaid, typically in years.

Common rates for personal loans

Interest rates for personal loans can vary widely depending on credit score, loan amount, and the lender. Generally, rates range from as low as 3% to as high as 36%.