Personal Loan Calculator
Estimate your monthly payment on a personal or installment loan.
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Personal loans are fixed-rate installment loans typically used for debt consolidation, home improvement, or one-time expenses.
Standard amortization. Personal loans are typically fixed-rate.
A personal loan can cut credit-card interest in half — but watch origination fees and prepayment penalties.
Worked examples
Use the defaults above as a starting point — then adjust the inputs to match your situation.
- Forgetting origination fees (1–8% of the loan).
- Choosing a longer term than you need.
- Using a personal loan to fund discretionary spending.
Frequently asked questions
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