Personal Loan Calculator
Calculate monthly payments for personal loans and compare different loan terms.
How Personal Loans Work
A personal loan is an unsecured fixed-rate installment loan. The monthly payment is calculated using the EMI formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1). Origination fees are upfront charges deducted from the loan amount, so you receive less than you borrow. The effective APR accounts for the origination fee, giving you the true cost of borrowing. Compare APRs (not just interest rates) when shopping for loans.
About this Calculator
The Personal Loan Calculator is a free, easy-to-use tool for personal, loan, payment. Simply enter your values and get instant, accurate results — no signup required. All calculations run locally in your browser, so your data stays completely private.
Privacy Note: All calculations are performed locally in your browser. No data is ever sent to a server or third party.