Personal Loan Calculator

Estimate personal loan payments and total interest.

Personal Loan Calculator helps you estimate personal loan payments and total interest. Enter loan amount, annual rate, and term, review the breakdown, and use the guidance below to understand what the number means — and what it does not. What the Personal loan calculator does Personal Loan Calculator is built for money decisions — loans, savings, payments, and taxes. Estimate personal loan payments and total interest. You enter loan amount, annual rate, and term, then Simple Calculators computes the result instantly. Rates, fees, and tax rules vary by lender and country, so treat results as planning numbers, not a contract. How the math works Enter the Loan amount, Annual rate and Term in years. The monthly payment uses the standard loan formula: payment = amount × r × (1 + r)^n ÷ ((1 + r)^n − 1), where r is the annual rate ÷ 12 and n is the number of monthly payments. It assumes a fixed rate and equal payments, and does not include origination fees or payment protection insurance. The formula: M = P × r × (1 + r)^n ÷ ((1 + r)^n − 1). P is the amount borrowed, r is the monthly interest rate (annual rate ÷ 12) and n is the number of monthly payments.