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Loans
Personal Loan Calculator
Project monthly installments and total financing costs for unsecured personal loans.
Inputs
Requested loan principal
Upfront lender deduction fee
Results
Monthly payment
—
Total principal & interest—
Total cost of credit—
Net cash disbursed—
Annual rate—
Results project fixed monthly amortization payments across your selected loan duration.
How this calculator works
Computes fixed monthly payments, total interest costs, and repayment schedules for unsecured personal loans.
Formula
Monthly Payment = Principal × Monthly Rate × (1 + Monthly Rate)^Months / ((1 + Monthly Rate)^Months - 1)
Worked Example
$15,000 personal loan at 11% interest over 3 years (36 months) yields a $490.96 monthly payment and $2,674.56 total interest.
Assumptions
- Interest rate is fixed for the duration of the loan.
- Payments are made monthly on equal due dates.
Limitations
- Origination fees (typically 1% to 8%) deducted upfront from loan proceeds are not included in EMI calculation.
Disclaimer: Educational estimate only. Final rates depend on personal credit scoring. See our Disclaimer.