💰 Personal Loan Calculator
Calculate monthly payments, total interest, and amortization schedule for personal loans with fixed rates and terms
Loan Details
Enter your loan information to calculate payments
Common Loan Scenarios
Loan Tips
Save Money Tips
• Make extra principal payments to reduce total interest
• Consider bi-weekly payments instead of monthly
• Shop around for the best interest rates
• Improve your credit score before applying
Important Notes
• Results are estimates for comparison purposes
• Actual rates may vary based on credit and lender
• Consider additional costs like insurance and taxes
• Consult with financial advisors for major decisions
How to Use
1. Enter the desired loan amount
2. Input the annual interest rate (APR)
3. Set the loan term in months or years
4. Calculate monthly payment amount
5. Review total interest cost
6. Analyze complete amortization schedule
Features
✓ Fixed monthly payment calculation
✓ Total interest cost analysis
✓ Complete amortization schedule
✓ Loan comparison tools
✓ APR vs interest rate comparison
✓ Early payoff scenarios