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Personal Loan Calculator

Compare loan offers using total repayment rather than the advertised payment alone.

How the estimate works

The monthly payment uses the standard fixed-rate amortization formula. The estimated origination fee is shown separately from interest.

Important limitation

Some lenders deduct origination fees from proceeds while requiring repayment of the full face amount. Results are estimates only and are not financial, lending, legal, tax, or investment advice.

Assumptions and review

Formula review: July 29, 2026. This tool uses only the editable values shown above and does not pull live rates, prices, balances, or account data.

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Frequently asked questions

How does the personal loan calculator work?

The monthly payment uses the standard fixed-rate amortization formula. The estimated origination fee is shown separately from interest.

Is this personal loan calculator exact?

No. It is a planning estimate based on the values you enter. Actual rates, fees, timing, taxes, and provider rules can change the result.

Can I change the assumptions?

Yes. Every displayed input is editable so you can compare scenarios instead of relying on a hidden default.

Personal Loan Calculator