Personal Loan Calculator
Calculate personal loan from your own entered figures.
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Currency: Amounts are calculated in the currency you select; this site does not convert between currencies and does not use live exchange rates.
What this tool does
Calculate personal loan from your own entered figures. Unsecured loan, fixed rate, no prepayment penalty. The origination fee is modeled as withheld from proceeds (you repay the full amount but receive amount − fee), which is how most online personal-loan lenders structure it.
How to use the Personal Loan Calculator
- Enter or select loan amount.
- Enter or select annual interest rate (%).
- Enter or select term (months).
- Enter or select origination fee (%).
- Read the calculated result; change any measurement to compare alternatives.
Formula
amortizing payment on the full amount; net proceeds = amount × (1 − fee%); true cost = total interest + fee; effective APR solved on the net proceeds
- amount
- Loan amount
- rate
- Annual interest rate (%)
- termMonths
- Term (months)
- feePct
- Origination fee (%)
Unsecured loan, fixed rate, no prepayment penalty. The origination fee is modeled as withheld from proceeds (you repay the full amount but receive amount − fee), which is how most online personal-loan lenders structure it.
Worked example
For personal loan calculator, the following measurements illustrate the exact method: Loan amount: 15000; Annual interest rate (%): 11; Term (months): 48; Origination fee (%): 3.
Inputs
- Loan amount$15000
- Annual interest rate (%)11 %
- Term (months)48
- Origination fee (%)3 %
Result
- Monthly payment$387.68
- Net proceeds you receive$14,550.00
- Origination fee$450.00
- Total interest$3,608.78
- True cost (interest + fee)$4,058.78
- Effective APR on proceeds12.63%
Results explained
- Monthly payment
- Monthly payment from the formula above. Unsecured loan, fixed rate, no prepayment penalty. The origination fee is modeled as withheld from proceeds (you repay the full amount but receive amount − fee), which is how most online personal-loan lenders structure it.
- Net proceeds you receive
- Net proceeds you receive from the formula above. Unsecured loan, fixed rate, no prepayment penalty. The origination fee is modeled as withheld from proceeds (you repay the full amount but receive amount − fee), which is how most online personal-loan lenders structure it.
- Origination fee
- Origination fee from the formula above. Unsecured loan, fixed rate, no prepayment penalty. The origination fee is modeled as withheld from proceeds (you repay the full amount but receive amount − fee), which is how most online personal-loan lenders structure it.
- Total interest
- Total interest from the formula above. Unsecured loan, fixed rate, no prepayment penalty. The origination fee is modeled as withheld from proceeds (you repay the full amount but receive amount − fee), which is how most online personal-loan lenders structure it.
- True cost (interest + fee)
- True cost (interest + fee) from the formula above. Unsecured loan, fixed rate, no prepayment penalty. The origination fee is modeled as withheld from proceeds (you repay the full amount but receive amount − fee), which is how most online personal-loan lenders structure it.
- Effective APR on proceeds
- Effective APR on proceeds from the formula above. Unsecured loan, fixed rate, no prepayment penalty. The origination fee is modeled as withheld from proceeds (you repay the full amount but receive amount − fee), which is how most online personal-loan lenders structure it.
Frequently asked questions
amortizing payment on the full amount; net proceeds = amount × (1 − fee%); true cost = total interest + fee; effective APR solved on the net proceeds
Unsecured loan, fixed rate, no prepayment penalty. The origination fee is modeled as withheld from proceeds (you repay the full amount but receive amount − fee), which is how most online personal-loan lenders structure it.
No. All numbers are entered by you or come from the dated reference table shown on this page; calculations run locally.
This is an estimate, not financial, tax or legal advice. Verify the inputs and output with official sources and a qualified professional.
Check period consistency, currency, percentage inputs and the assumptions: Unsecured loan, fixed rate, no prepayment penalty. The origination fee is modeled as withheld from proceeds (you repay the full amount but receive amount − fee), which is how most online personal-loan lenders structure it.