Personal Loan Calculator
Calculate monthly payments, total interest, and see a full amortization schedule for any personal loan. No account required.
7% annual rate
Monthly Payment
$308.77
Total Interest
$1,115.75
Total Repayment
$11,115.75
Amortization Preview (first 5 months)
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $308.77 | $250.44 | $58.33 | $9,749.56 |
| 2 | $308.77 | $251.90 | $56.87 | $9,497.66 |
| 3 | $308.77 | $253.37 | $55.40 | $9,244.30 |
| 4 | $308.77 | $254.85 | $53.93 | $8,989.45 |
| 5 | $308.77 | $256.33 | $52.44 | $8,733.12 |
How to use this calculator
Enter a loan amount
Use the slider or type in the amount directly. Ranges from $100 to $100,000.
Choose an interest rate
Select an annual interest rate from the dropdown. For loans over $10,000, the IRS Applicable Federal Rate (AFR) applies — we flag any rates that may be too low.
Set the term
Drag the term slider to set the repayment period from 1 to 120 months (10 years). The display shows both months and years.
Review the results
See your estimated monthly payment, total interest paid, and total repayment amount update in real time. Expand the amortization schedule to see every month in detail.
Disclaimer: This calculator provides estimates for informational purposes only. Actual payment amounts may vary based on rounding, payment timing, and loan terms. This is not financial or legal advice. Consult a financial advisor for guidance specific to your situation.
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