Free calculator
Personal Loan Calculator
Free Personal Loan Calculator with instant browser-based results and a clear calculation breakdown.
💰 Personal Loan Calculator
Calculate your monthly payment, total interest, and total amount payable for a personal loan. Enter your loan details below to see the breakdown.
The total amount you want to borrow
Please enter a valid loan amount (minimum $100)
The yearly interest rate for your loan
Please enter a valid interest rate (0% or higher)
The number of months to repay the loan
Please enter a valid loan term (minimum 1 month)
Monthly Payment: $0.00
Loan Amount:
$0.00
Total Interest Paid:
$0.00
Total Amount Payable:
$0.00
Number of Payments:
0
How it's calculated:
This calculator uses the standard amortization formula: M = P × [r(1+r)^n] / [(1+r)^n - 1], where M is the monthly payment, P is the principal (loan amount), r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of payments. Total interest is calculated as (M × n) - P. Results are estimates for informational purposes only.
Want to understand the calculation?
Read the guideSee examples, formula notes and limitations.