Personal Loan Calculator
Calculate monthly payment, total interest, and APR for an unsecured personal loan. Includes optional origination fee handling.
Inputs
Common terms: 2–7 years.
Many lenders deduct 1–8% upfront from the loan amount.
Monthly payment
—
Origination fee
—
Cash received (after fee)
—
Total interest
—
True APR (incl. fee)
—
Total cost (interest + fee)
—
About Personal Loan Calculator
Origination fees
Deducted from the loan amount before disbursement. A 5% fee on a $15,000 loan means you receive $14,250 but still pay back the full $15,000. The true APR is higher than the quoted rate.
Comparing offers
Always compare true APR (this calculator’s "True APR" line) rather than the quoted rate. A "lower" 9% loan with a 6% fee can be more expensive than an 11% loan with no fee.
Secured vs unsecured
Personal loans are usually unsecured (no collateral) — that’s why rates are higher than mortgages or auto loans. Secured personal loans (against a CD or savings) can get lower rates.