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Personal Loan Calculator

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

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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)

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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.

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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.