Loan calculator
See the monthly payment, total interest and total cost of a personal loan.
About this calculator
Enter the amount, the yearly interest rate and the term. The calculator assumes equal monthly payments at a fixed rate, which is how most personal loans work. A longer term makes each payment smaller, but you pay more interest overall.
Check the rate you are offered is the one the lender calls APR, and remember arrangement fees are not included here.
Common questions
Why does a longer term cost more?
You owe money for longer, so more interest builds up, even though each monthly payment is smaller.
Is the rate APR?
Use the rate your lender quotes. This calculator treats it as a yearly rate compounded monthly.
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