Personal Loan Calculator
Work out monthly personal loan payments, total interest and repayment. Free.
Personal loan calculator
Estimate your monthly personal loan payment, total interest and total repayment. Enter the amount you want to borrow, the rate and the term. For illustration only.
Frequently Asked Questions
What is a personal loan calculator?
A tool that estimates your monthly personal loan payment, total interest and total repayment. Enter loan amount, interest rate and term. For unsecured personal loans.
How is personal loan payment calculated?
Monthly payment is calculated using the standard amortising loan formula: principal, annual rate and term. You pay the same amount each month; early months are more interest, later more principal.
Is the personal loan calculator free?
Yes. Free to use. For illustration only; check your lender for exact figures and any fees.
What term can I use?
Personal loans are often 1 to 7 years. Enter the term in years; the calculator shows monthly payment and total cost.
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<p>Calculator: <a href="https://onlinecalculator.co.uk/finance/personal-loan-calculator" target="_blank">Personal Loan Calculator</a> - OnlineCalculator.co.uk</p>APA Style Citation:
OnlineCalculator.co.uk. (2025). Personal Loan Calculator. Retrieved from https://onlinecalculator.co.uk/finance/personal-loan-calculatorNote: This calculator is free to use and reference. No permission required for educational or commercial citation.