Personal Loan Calculator
Estimate your monthly payment and total interest for a personal loan. Adjust the numbers in the full calculator — here's a worked example to anchor your planning.
$15,000
Loan amount
$326
Monthly payment
$4,568
Total interest
5 yr
Term @ 11%
Example assumes $15,000 borrowed at 11% APR over 5 years.
About this loan
Personal loans are usually unsecured, used for consolidation or big expenses, with rates that depend heavily on credit score.
What affects your payment
- Loan amount — borrow less (bigger down payment) to lower payments and interest.
- Interest rate — driven by your credit score, term and market rates. Shop multiple lenders.
- Term — longer terms lower the monthly payment but raise total interest.
Pay less interest
Even a small extra monthly payment goes entirely to principal and can save thousands. Use the calculator's extra-payment field to see the impact on your payoff date and total interest.
FAQ
What would $15,000 at 11% over 5 years cost per month?
About $326 per month, with roughly $4,568 paid in interest over the full term.
How can I lower the payment?
Increase your down payment, secure a lower rate, or extend the term (which raises total interest). Try each in the calculator.