Financial Calculators
Personal Loan Calculator
See your exact monthly payment, total interest, and amortization schedule for any personal loan. Adjust rate and term to compare scenarios.
FreeNo sign-upInstant results
Personal Loan Details
$
%
7.5%
0.525
Loan Term
Amortization Schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 2026 | $3,181 | $1,328 | $21,819 |
| 2027 | $4,529 | $1,483 | $17,290 |
| 2028 | $4,880 | $1,131 | $12,410 |
| 2029 | $5,259 | $752 | $7,151 |
| 2030 | $5,667 | $344 | $1,484 |
Monthly Payment
$501
Cost Breakdown
Principal$25,000
Total Interest$5,057
Total Interest
$5,057
over loan life
Total Cost
$30,057
principal + interest
Loan Term
5 yr
Paid Off
Mar 2031
What is a personal loan?
A personal loan is an unsecured, fixed-rate loan from a bank, credit union, or online lender. Because it's unsecured (no collateral), interest rates are typically higher than mortgages or auto loans.
What affects my personal loan rate?
- Credit score — higher scores get lower rates
- Loan term — shorter terms usually mean lower rates
- Debt-to-income ratio
- Lender type — credit unions often offer lower rates than banks