Find your monthly payment and total loan cost instantly. Compare different loan amounts and terms.
| Month | Principal | Interest | Balance |
|---|---|---|---|
| Calculate first to see schedule | |||
This free personal loan estimator helps you calculate your exact monthly payment before you apply for a loan. Simply enter your loan amount, term, and interest rate to get instant results.
Try different loan amounts and terms to find the monthly payment that fits your budget. Shorter terms mean higher payments but less total interest paid.
Personal loan rates vary widely based on your credit score. Here are typical rates you can expect:
| Credit Score | Credit Rating | Typical APR Range |
|---|---|---|
| 720 – 850 | Excellent | 6% – 12% |
| 690 – 719 | Good | 12% – 18% |
| 630 – 689 | Fair | 18% – 28% |
| Below 630 | Poor | 28% – 36%+ |
Use the calculator above to see how different rates affect your monthly payment and total cost.
A personal loan rate calculator is a free tool that shows you exactly how much you'll pay each month based on your loan amount, interest rate, and repayment term. It helps you compare different loan options and find a payment that fits your budget before you apply.
To estimate your personal loan payment, you need three numbers: your loan amount, your interest rate (APR), and your loan term in months. Enter these into our personal loan estimator above and click Calculate — you'll instantly see your monthly payment, total interest, and full amortization schedule.
A good personal loan rate in 2025 is anything below 12% APR, which typically requires a credit score of 720 or higher. The average personal loan rate across all credit scores is around 12-20%. Rates above 25% are generally considered high — at that level, consider improving your credit score before borrowing.
A $10,000 personal loan at 10.5% APR over 60 months costs approximately $215/month, with $2,900 in total interest. At 18% APR for the same term, the payment rises to $254/month with $5,240 in total interest. Use our calculator above to get exact numbers for your specific rate and term.
The interest rate is the cost of borrowing the principal. The APR (Annual Percentage Rate) includes the interest rate plus any fees like origination fees, making it the true cost of the loan. Always compare loans using APR, not just the interest rate. Our calculator includes an origination fee field so you can calculate the true total cost.
Shorter terms (24-36 months) mean higher monthly payments but significantly less interest paid overall. Longer terms (60-84 months) have lower monthly payments but cost more in total interest. Choose the shortest term where the monthly payment is comfortably within your budget — typically no more than 15% of your monthly take-home pay.