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Personal Loan Calculator

Estimate your monthly payment, net loan proceeds, origination fees, total borrowing cost and payoff timeline for a fixed-rate personal installment loan.

Origination fee & loan proceeds
Origination-fee practices vary by lender. Enter the terms from the actual offer. If a fee is deducted from proceeds, you receive less cash even though payments are based on the full principal.
Advanced: extra principal payments
Estimated Monthly Payment
$0.00
Amount You Receive
$0.00
Origination Fee
$0.00
Estimated APR
0.00%
Total Interest
$0.00
Estimated Payoff
—
Loan cost breakdown
Original loan principal
Amount financed for payment calculation
Origination fee
Other required upfront fees
Net cash received
Total loan payments
Estimated borrowing cost above cash received
APR note: this page estimates an annualized borrowing rate from the cash proceeds and scheduled monthly payments. Your lender's disclosed APR is authoritative and can differ because federal disclosure calculations, timing and fee treatment may differ.

Amortization & Payoff Schedule

See how scheduled and extra payments reduce principal over time.

PaymentDateScheduled PaymentPrincipalInterestExtra PrincipalBalance

Understanding Personal Loan Costs

Interest rate is not the same as APR

The interest rate is the price charged for borrowing principal. APR is designed to reflect the interest rate plus certain loan fees, making it useful when comparing offers with different fee structures.

CFPB: Interest rate vs. APR

Check how much cash you actually receive

An origination fee may be deducted before loan proceeds are disbursed. In that case, a $15,000 loan does not necessarily put $15,000 in your bank account. Compare net proceeds with the amount you actually need.

CFPB: Personal installment loan fees

Extra payments can shorten payoff

The calculator treats optional extra payments as principal-only. Confirm how your lender applies extra payments and whether the loan agreement contains any prepayment charge or special instructions.

Compare the complete offer

Monthly payment alone can hide meaningful differences. Compare the amount received, APR, required fees, term, total interest and total repayment before choosing between offers.

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