Personal Loan Calculator

Calculate how much your loan repayments will be, how long it will take to pay back the loan and options for making extra repayments.

Personal Loan Repayment Calculator

What is my payment?

Loan Balance Over Time


Estimated monthly payment


per month for year(s) at % APR

Total Paid After 60 Payments


Total Interest Paid



on LendingTree's secure website

Personal loan calculator

Deciding whether or not to take out a personal loan or choosing your loan terms? Calculate your monthly costs and you can see what you’d pay each month for this debt, and how a personal loan payment could fit into your budget.

Why use personal loans?

Whether you need to finance a big purchase or are considering consolidating debt, a personal loan can help you achieve these financial goals.

As an installment loan, a personal loan is borrowed once and repaid through fixed monthly payments — so you know exactly how long and how much you’ll repay. Personal loans often have lower interest rates than what you’d pay on other credit options, such as credit cards.

Lastly, this debt is often unsecured, so you don’t need to have or provide collateral to get a personal loan and can use the loan to pay for almost anything.

These features make personal loans a good option for a wide range of uses:

How to calculate your personal loan

Provide the personal loan amount you intend to borrow, along with you annual percentage rate (APR) and loan length (in months or years). If you're unsure what APRs you could qualify for, clicking the "see offers" button above can show you the personal loan rates you might be offered.

Based on the loan details you provide, the calculator will show you:

  • Estimated monthly payments, or your minimum monthly payment for this loan. Knowing this will help you see if you can afford to take on this debt and fit these new payments into your budget.
  • Loan balance over time will show you what repayment will look like for each year you have this loan. You can see the personal loan’s estimated balance at the start and end of each year, as well as the annual interest paid.
  • Total paid after all payments will show you the total amount you’ll repay over the life of the loan, including both the principal (the original amount you borrowed) and interest charges.
  • Total interest paid will show you just the interest costs you’ll repay over the life of the loan.

Looking at each of these numbers will help inform your decision to take out a personal loan. You can see how your personal loan would fit into your budget, and understand the complete costs of borrowing.

You can even enter different loan details to compare different options. This calculator could show you how different loan terms affect monthly payments, for example, or how borrowing less or more impacts your interest costs.

Personal loan interest and fees

This personal loan calculator can help you see how different interest rates and fees can impact your costs. Our calculator asks for the APR, which reflects all costs of your loan.

It’s important to take a close look at all personal loan offers, however, to make sure you understand what’s going into the APR. It will reflect the interest rate you’re offered, as well as common fees such as origination fees, administration fees, or processing fees.

These personal loan fees are often charged upfront and either added to or withheld from your requested loan amount. Make sure you’re taking these into account when entering your personal loan amount or APR.

Personal loan alternatives

This personal loan calculator can help you compare features and costs of this product. It’s wise to also compare personal loans to other credit options that you could use to achieve your financial goals.

If you’re interested in debt consolidation, for example, you might want to consider a credit card balance transfer or a debt pay off strategy. It might be simpler, easier or cheaper to transfer it to a new credit card with a low interest rate rather than refinance it with a personal loan. We even have a personal loans versus credit card balance transfer calculator that can help you quickly compare these options.

For major purchases, you might look into a home equity loan or a personal line of credit. Some borrowers might get their terms with these alternatives that match their preferences more closely than a personal loan will.

If borrowing will simply be too expensive, you can also wait, save up and pay for the purchase with cash. This can be a great strategy for major purchases that are optional or can be delayed, such as a vacation or elective medical procedure.