Personal Loan Calculator
Monthly payment and total cost for any unsecured personal loan.
Result
- Total paid back$11,785.94
- Total interest$1,785.94
- Origination fee$200.00
- Cash you receiveafter fee$9,800.00
- Effective APRincluding fee, rough11.67%
Personal-finance essentials
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How to use this calculator
- Enter how much you need to borrow.
- Type the lender's APR (always ask for the rate, not just the monthly payment).
- Set the term in months — 36 or 60 is most common.
- Add the origination fee if any (typically 0–8%).
About this tool
Personal loans are unsecured — no collateral — so rates run higher than car loans or mortgages. This calculator shows the monthly payment plus the often-overlooked origination fee, which lenders deduct upfront from the loan amount. If you borrow $10,000 with a 5% origination fee, you actually receive $9,500 but pay back the full $10,000 plus interest. Use this to compare offers honestly: a "lower rate" loan with a high fee can cost more than a "higher rate" loan with no fee.
Frequently asked
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