Loan Details
Monthly Payment
$0
Total Interest
$0
Origination Fee
$0
Total Cost of Loan
$0
Payoff Date
—
Compare Loan Terms
| Term | Monthly | Total Interest | Total Cost |
|---|
Estimate your monthly payment and total cost for any personal loan amount.
| Term | Monthly | Total Interest | Total Cost |
|---|
Enter your desired loan amount, the lender's quoted APR, your preferred repayment term, and any origination fee. The calculator instantly shows your monthly payment, total interest, and true cost of the loan — including fees. Use the built-in comparison table to see how different terms affect your total cost.
Personal loans are unsecured installment loans — meaning they are not backed by collateral like a home or car — that can be used for virtually any purpose. Common uses in 2026 include:
When comparing personal loan offers, always compare APR (Annual Percentage Rate) — not just the stated interest rate. APR includes the origination fee (which many lenders charge as 1-8% of the loan amount) spread over the loan term. A loan with a 9% interest rate and a 5% origination fee has a much higher effective APR than a loan with a 10.5% rate and zero fees, especially on shorter terms.
The origination fee in this calculator is deducted from your loan proceeds at closing — meaning if you borrow $25,000 with a 3% fee, you receive only $24,250 but make payments on the full $25,000. Always factor this into your calculations. When shopping lenders, request the APR that includes all fees, which federal truth-in-lending law requires lenders to disclose.
Here is a real example: you have three credit cards with a combined balance of $18,000 at an average APR of 22%. Making minimum payments, it would take over 12 years to pay them off and cost roughly $17,000 in interest — almost doubling what you owe.
Consolidating into a $18,000 personal loan at 11% for 36 months costs only $2,984 in total interest and is paid off in exactly 3 years. The monthly payment is $589 vs. the minimum-payment trap. Use this calculator to model your own consolidation scenario and see the potential savings.