Personal Loan Calculator
Calculate your exact monthly payment, total interest, and total cost for any personal loan.
Monthly Payment
$0.00
📐 Formula
Monthly Payment = P × [r(1+r)^n] / [(1+r)^n − 1] where P = principal, r = monthly rate, n = months
Frequently Asked Questions
As of 2025, personal loan rates for good credit (700+) typically range from 8–15% APR. Rates below 10% are excellent. Rates above 20% are high — consider improving credit or exploring alternatives.
Most lenders offer personal loans from $1,000 to $50,000. The amount you qualify for depends on your income, credit score, and debt-to-income ratio. Some lenders go up to $100,000 for excellent credit.
Personal loans typically have much lower rates (8–15%) than credit cards (18–28%). For large purchases or debt consolidation, a personal loan is almost always cheaper than carrying a credit card balance.