Find out what a loan will really cost you. Enter the amount you want to borrow, the APR you were offered, and the number of months to see your monthly payment, total interest and the total cost of the loan. It works for personal loans, auto loans, debt consolidation loans and small business term loans.
Loan Payment Calculator
See the monthly payment and total interest for a personal, auto or business loan.
Example numbers only — enter your own rates and amounts. Results are estimates for education, not an offer or financial advice.
APR vs. interest rate
The APR (annual percentage rate) includes the interest rate plus most lender fees, such as origination fees. When you compare loan offers, compare APRs, not just interest rates, so you see the true yearly cost.
Shorter term or lower payment?
A longer term lowers your monthly payment but increases the total interest you pay. Try changing the term in the calculator: going from 36 to 60 months usually makes the payment easier but the loan more expensive overall.
Related guides: Best Personal Loans, Debt Consolidation Loans, Unsecured Business Loans.