Complete Guide to Auto Loans in 2026
Rates, terms, refinancing and how to get the best deal.
Read guide →Personal Loan Calculator
Monthly payment and total cost.
💵 Personal Loan Calculator
Monthly payment
Total interest
Total of payments
How to Use
- Enter the loan amount you need.
- Enter the APR offered.
- Choose a term. Your payment, total cost and interest update live.
Calculation Method
Personal loans are fully amortized: M = P · [ r(1+r)^n ] / [ (1+r)^n − 1 ], with r = APR ÷ 12 and n = term in months. Total interest = (monthly × months) − principal.
Examples
$15,000 at 11.5% APR, 3 years
About $495/month and roughly $2,800 in total interest.
Frequently Asked Questions
Personal loan APRs vary widely by credit profile, commonly from around 8% for excellent credit to 30%+ for poor credit.
Often yes. Fixed-rate personal loans frequently carry lower APRs than revolving credit-card balances.
Some lenders charge an origination fee (often 1–8%) deducted from the funds. Factor that into your true cost.
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Read guide →Disclaimer
Calculations are estimates based on the information you provide. Actual loan terms, rates, and payments vary by lender, credit score, and other factors. SmartLoanCalcs is not a lender and this is not a loan offer. We are not responsible for decisions made based on these calculations — consider consulting a licensed lender or financial advisor.
Last updated: May 24, 2026