Personal Loan Calculator
Work out your monthly repayment, total interest and total cost on a fixed-rate personal loan, enter the amount, APR and term to see the numbers instantly.
Estimate only. This is an estimate based on a representative APR and does not constitute a loan offer. Always check the exact APR, fees and terms in your credit agreement before signing.
Enter your loan details
Your monthly payment, total interest and total cost appear here as you type.
How a personal loan is calculated
A personal loan is a standard amortising loan: each fixed monthly payment covers that month's interest plus a portion of the amount borrowed, so the balance reaches zero at the end of the term. The monthly rate is your APR divided by 12. A lower APR or a shorter term both reduce the total interest you pay, but a shorter term means higher monthly payments. This calculator assumes a fixed rate for the whole term and doesn't include arrangement fees some lenders charge.
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