Personal Loan Calculator

Your details

The amount you ask to borrow, before any fees are deducted.
The quoted interest rate on the loan. Fees are handled separately below.
%
years
Added on top of the years above, for terms like 3 years 6 months.
months
Personal loan origination fees usually run 1% to 8% of the amount borrowed.
%
Any recurring monthly charge bundled with the loan, such as payment-protection insurance.
An optional amount paid on top of the scheduled payment to clear the loan faster.
Currency
Monthly paymentHigh borrowing cost
$329.89
Real APR (with fee)13.77%
Total interest$4,793.35
Origination fee$750.00
Cash you receive$14,250.00
Total out of pocket$19,793.35
Amount financed$15,000.00
Payoff dateMay 2031

You pay 329.89 a month and 4,793.35 in total borrowing cost.

  • You repay 15,000 in principal plus 4,793 in interest over the term.
  • A 750 origination fee pushes your real APR to about 13.77%, above the 11.5% quoted rate.
  • The real APR is the fairest way to compare offers, since it folds the fee into the headline cost.

Next stepCompare offers by real APR and total out of pocket, not just the monthly payment, and watch for prepayment penalties.

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