Personal Loan Calculator
Enter the amount, APR and term for each loan offer. Results update instantly as you type, so you can compare offers side by side. The offer with the lowest total cost is highlighted — for a fair comparison, use the same amount in every offer.
Offer 1
Enter an amount above 0, an APR of 0 or more and a term of at least 1 month.
- Monthly payment
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- Total interest
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- Total cost
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Offer 2
Enter an amount above 0, an APR of 0 or more and a term of at least 1 month.
- Monthly payment
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- Total interest
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- Total cost
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Enter an amount above 0, an APR of 0 or more and a term of at least 1 month.
- Monthly payment
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- Total interest
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- Total cost
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Estimates only, for fixed-rate amortizing loans, excluding fees. This tool is for information purposes and is not financial advice.
How the calculation works
The calculator assumes a fixed-rate, fully amortizing loan with equal monthly payments. Each payment is worked out with the standard amortization formula: payment = amount × r ÷ (1 − (1 + r)^−n), where r is the monthly rate (APR ÷ 12) and n is the number of months. Total interest is the total cost minus the amount borrowed. Results exclude fees, insurance and taxes, so always check the lender's full quote.
Keep exploring
Comparing offers is step one. Our Loans & Debt guides explain how APR works, how to qualify for lower rates and when consolidating debt with a personal loan makes sense.
Browse Loans & Debt guides