Our online loan calculator makes it easy to estimate the monthly payments on your personal loan.
There are a few different ways you can use this tool. If you know how much you need to borrow, input that number in the “Loan Amount” field. Then, you can estimate your monthly payment based on different Annual Percentage Rates (APR) and the Length of Loan.
For example, say you need a loan of $5,000. You’d like to know what your monthly payment will be with a length of 36 months and an APR of 9.0%. Type “5000.00′ in the “Loan Amount” field. Next, type “9.0” in the “Annual Percentage Rate” field. Finally, type “36” in the “Length of Loan” field, and ensure “Months” is selected. Then, click “Calculate.” The calculator will display your projected monthly payment.
Enter the term, rate, and either the payment or loan amount – the other will be calculated for you.
The accuracy of this calculator depends on your input and its applicability to your circumstances is not guaranteed. Discuss your results with a qualified professional before making any product purchases or loan commitments.