Monthly Payment
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Total Payment
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Total Interest
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Amount, rate, term → payment + total interest. No account.
Monthly Payment
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Total Payment
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Total Interest
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Main calculator · Business · Car · Mortgage
Estimate only. Home · Car · Mortgage
Unsecured personal loans are often structured as fixed-rate installment debt: you borrow a lump sum, then pay the same amount each month until the balance is gone. The lender earns interest on what you still owe, so early payments are weighted more toward interest than principal.
Your monthly payment is a function of three inputs: loan amount, annual rate, and term in months. A higher amount or rate increases the payment; a longer term usually lowers the payment but raises lifetime interest. This tool mirrors the math used on our main loan calculator.
Borrowers often use personal loans to consolidate credit cards, fund medical bills, or cover a wedding or move. The rate you are offered depends heavily on credit history, income, and debt-to-income ratio. Always read the fine print for origination fees, which some lenders deduct from the proceeds.
Compare the total cost of the loan—not just the monthly payment. A longer term can feel easier month to month while costing much more over time. For vehicles, consider our car loan calculator or auto loan calculator; for housing, use the mortgage calculator.
Run a few scenarios: same amount with 36 vs 60 months, or the same payment budget at different rates. If a lender quotes an APR, enter that as the annual rate here. Remember that insurance or payment protection products sold with the loan are usually extra.
To isolate how interest behaves on top of a payment schedule, follow up with our interest calculator. If you are comparing a secured car deal, run the same numbers on the car loan calculator for context.