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? Calculate your monthly costs and you can see what you’d pay each month for this debt, and how much your debt would cost over its repayment term.

How to use this calculator
  1. Estimate and input your APR. Your annual percentage rate is a measure of your cost of borrowing and includes the interest rate plus fees. Your estimated APR will depend on your credit score and your debt-to-income ratio, as well as the loan amount and length. If you're unsure what APRs you could qualify for, click the "See offers'' button above. You’ll fill out a short form on LendingTree, a loan marketplace, and see the personal loan rates you might qualify for. This process won’t affect your credit score.
  2. Enter the loan amount and duration you’re seeking. Ideally, you should only borrow what you need. If you want to lower your interest costs, choose a shorter repayment term. If you want lower monthly payments (at the cost of higher interest paid), choose a longer repayment term.
  3. Click “Calculate” to see your results. After inputting the above information, you’ll see your estimated monthly payment, total interest paid and the total cost of the loan.
What this calculator will show you

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

Estimated monthly payments. 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. This shows 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 amount paid. This includes 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. You can learn how much the loan will cost you in interest over the repayment period.

Should I pay off a personal loan early? This calculator shows you how much interest you’ll pay over the life of a personal loan. If you pay off a personal loan before the term expires, you will be able to save money on overall interest charges. However, keep in mind that some lenders charge a prepayment penalty for paying off your loan early, so read the terms and conditions before you borrow.

Why use personal loans?

Whether you’re consolidating debt or you need money to cover a major purchase, a personal loan can help you achieve these financial goals.

A personal loan is a lump-sum installment loan that’s 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.

You can use personal loans to pay for almost anything, since they’re often unsecured, meaning you don’t need to have or provide collateral. These features make personal loans a good option for a wide range of uses period.

Personal loan interest rates 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 to make sure you understand what’s going into the APR. It will reflect the interest rate you’re offered, as well as the origination fee. Personal loan origination fees are often charged upfront and either added to or withheld from your requested loan amount.

What is a good APR on a personal loan? Personal loan APRs vary greatly depending on your credit score, debt-to-income ratio and even the lender. Whether your APR is “good” or not depends on why you’re taking out the loan. For example, if you’re consolidating credit card debt with a personal loan, then a good APR would be a lower APR than what you’re currently paying on your credit cards.

Personal loan alternatives based on your needs

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

Debt consolidation: A balance-transfer credit card is a common alternative to a personal loan when consolidating debt. Depending on your financial situation, it might be cheaper to move your credit card debt to a new card with a lower APR. See our credit payoff calculator to see how long it would take you to pay off your balance (including interest) with different monthly payments.

Home improvements: You might look into a home equity loan. These loans typically come with a lower APR, but keep in mind that your home will be used as collateral if you utilize this option.

Large purchases: Budget your money, 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 an elective medical procedure or wedding expenses.