Estimate your monthly payment, total interest, and find the right loan for your budget.
$10,000
10.99%
Excellent credit: 5–10% | Good: 10–15% | Fair: 15–25% | Poor: 25–36%
Monthly Payment
$327
/month
Total Interest
$1,784
Total Amount Paid
$11,784
Interest Ratio
15.1%
of your payments go to interest
Total Amount Paid
$11,784
| Term | Monthly Payment | Total Interest | Total Paid |
|---|---|---|---|
| 24 months | $466 | $1,185 | $11,185 |
| 36 months | $327 | $1,784 | $11,784 |
| 48 months | $258 | $2,404 | $12,404 |
Compare offers from multiple lenders in minutes.
Check My Rates →Compare offers from multiple lenders. No credit score impact.
This calculator gives you a quick estimate of what a personal loan will cost. Start by entering the amount you want to borrow — whether it's for a home project, medical expenses, or consolidating other debts. Then set the interest rate (APR) and choose a loan term to see your estimated monthly payment, total interest, and total cost.
The amortization chart shows how each monthly payment is split between principal and interest over the life of your loan. Early on, a larger share goes to interest. As you pay down the balance, more of each payment goes toward principal.
Keep in mind: the rate you'll actually receive depends on your credit score, income, debt-to-income ratio, and the lender you choose. Use this tool as a starting point, then check your real rates with no impact to your credit score.
Your credit score is the single biggest factor. Borrowers with excellent credit (720+) typically qualify for rates between 5% and 10%, while those with fair or poor credit may see rates above 20%. Even a small difference in rate can mean hundreds or thousands of dollars in extra interest over the life of a loan.
Lenders also look at your debt-to-income ratio (how much you owe relative to what you earn), employment history, and the loan amount and term. Shorter terms usually come with lower rates but higher monthly payments. Longer terms reduce your monthly payment but increase total interest.
The best strategy: improve your credit score before applying, compare multiple lenders, and choose the shortest term you can comfortably afford.
How to Get a Personal Loan in 2026 · How to Improve Your Credit Score 100 Points
Credit cards are convenient for everyday purchases and short-term borrowing, but their interest rates are typically 20–29% APR. If you're carrying a balance month to month, interest charges add up fast. A personal loan with a fixed rate of 8–15% can save you significant money — especially for larger amounts over $3,000.
Personal loans also give you a fixed payoff timeline. Unlike credit card minimum payments (which can keep you in debt for decades), a personal loan has a set end date. You know exactly when you'll be debt-free.
A loan makes the most sense when you have a specific amount to borrow, want predictable payments, and can qualify for a rate lower than your current credit card APR.
Debt Consolidation Calculator
See how much you could save by combining your debts into one payment.
Loan Affordability Calculator
Find out how much you can borrow based on your income and budget.
Auto Loan Calculator
Estimate your monthly car payment and see how much car you can afford.
Mortgage Calculator
Calculate your full monthly payment including taxes, insurance, and PMI.
Refinance Calculator
Find out if refinancing saves you money and when you'll break even.
Credit Score Simulator
See how everyday financial decisions could raise or lower your credit score.
Emergency Fund Calculator
Find out how much you need saved and how long it will take to get there.
Required Minimum Distribution (RMD) Calculator
Find out how much you must withdraw from your IRA or 401(k) this year.
Compound Interest Calculator
See how your money grows over time with the power of compounding.
Compare offers from multiple lenders in minutes.
Check My Rates →