Calculator

Personal Loan Calculator

Calculate a fixed personal-loan payment, total repayment and total interest from the amount, APR and term.

පිළිතුර තේරුම් ගන්න

මෙය ගණනය කරන්නේ කෙසේද?

The formula assumes equal monthly payments, a fixed APR and no origination fee deducted from proceeds. A quoted APR may already include certain lender fees.

Personal-loan amortization formulaPayment = P × r(1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)

ප්‍රායෝගික උදාහරණයක්

A $15,000 loan at 10% APR for 4 years has an estimated payment of about $380 per month and roughly $3,261 of total interest.

පොදු ප්‍රශ්න

ඉක්මන් පිළිතුරු

Does an origination fee change the payment?

A fee financed into the balance increases payment; a fee withheld from proceeds reduces the cash received without reducing the contractual balance.

Can I pay a personal loan off early?

Often yes, but confirm whether the contract has a prepayment penalty and how extra payments are applied.

How often should I recalculate?

Recalculate whenever the balance, rate, term, income, cost or applicable rule changes.

How are decimals and rounding handled?

Calculations retain full number precision and round only the values displayed on screen.

Are my financial values sent to analytics?

No. Calculations run locally, and analytics events contain only the tool ID and action type—not entered amounts.

ගණනය කිරීමේ උපකල්පන

Rates and recurring amounts stay constant for the period represented by the formula.
Inputs use the same monthly or annual time basis stated in each field label.
Taxes, fees and contractual rules are excluded unless the calculator explicitly asks for them.