Loan

Personal Loan Calculator

Calculate monthly payment for personal loans

Quick ResultsTotal CostEasy Planning

Disclaimer

This calculator is for educational purposes only. Results are estimates based on your inputs. Consult a qualified financial advisor for personalized advice. Read full disclaimer

Enter Loan Information

Loan Amount ($)

Interest Rate (%)

Loan Term (Years)

Personal Loan Payment Formula

Calculate monthly payment for unsecured personal loans

P = \frac{r \times PV}{1 - (1 + r)^{-n}}

Where:

P

Monthly payment

PV

Loan amount

r

Monthly interest rate

n

Number of months

Example:

$15,000 loan at 8.5% for 3 years = $471/month

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