Loan Payment Calculator
See your monthly payment, total interest, and payoff date for any personal, auto, or installment loan. Move the rate and term and watch the total cost change. The catch most borrowers miss: a slightly longer term feels cheaper monthly and costs thousands extra.
Live · Updates as you type Loan Calculator
Loan details
$
$500 to $500,000 %
0.1% to 36% Monthly Payment
$831
Total Paid
$29,916
Total Interest
$4,916
Payoff Date
Jan 2028
Interest Rate
12.0%
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Assumes a fixed-rate, fully amortizing installment loan. Results are estimates, not quotes. Origination fees and credit pricing live outside this calculator.
Frequently Asked Questions
Personal loan APRs run from roughly 6% to 36%. Scores of 720 and up often see rates under 10%. Above 20% is high, and that is the territory where shopping pays the biggest dividend. Pulling three quotes before signing typically saves hundreds to thousands in interest on the same loan.
A longer term drops the monthly payment and runs up the total interest. A shorter term lifts the payment and shrinks the interest you hand over. Lenders push the long term because the monthly headline looks friendlier. Run both terms above and look at total interest, not just monthly.
Most personal loans allow early payoff with no penalty, but some lenders bury a prepayment fee in the paperwork. Read your loan agreement before you start sending extra. Extra principal kills the balance faster and saves the interest you would have paid on it.
Most personal loan lenders require a score in the 580 to 640 range. Above 700, you start qualifying for the best advertised rates. Below 580, the cheapest paths are secured loans, credit unions, or pausing a few months to bring the score up before applying.