Personal Loan Calculator
Monthly payment, total interest and APR of a personal loan, including the origination fee.
Payments
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Fees (optional) — for the APR
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Amortization schedule
Personal loan cost
Personal loans are usually unsecured, repaid in equal monthly payments over 2–7 years, and often carry an origination fee taken from the money you receive.
Example: $10,000 at 12% for 3 years costs $332.14 a month and $1,957.15 in interest. With a $500 origination fee you receive $9,500, so the APR is 15.61%.
Compare offers by APR
A lower rate with a high fee can cost more than a slightly higher rate with no fee. The APR includes both, so use it to compare.
Frequently asked questions
What is the monthly payment on a $10,000 personal loan?
At 12% for 3 years, $332.14 a month.
How does an origination fee change the APR?
A $500 fee on $10,000 at 12% for 3 years raises the APR from 12% to 15.61%.