Your Estimated Monthly Payment
$641
for 36 months at 9.50% APR on a $20,000 loan
Monthly Payment
$641
36 payments
Total Interest
$3,064
Total Repaid
$23,064
Interest Rate
9.5
% APR
See rates from top personal loan lenders side by side. Compare SoFi, Upgrade, LendingClub, and more — no credit score impact, completely free.
Our personal loan calculator helps you understand the true cost of borrowing before you commit.
Slide to set the amount you need to borrow, from $1,000 up to $100,000.
Adjust the interest rate and choose a repayment period that works for your budget.
See your monthly payment, total interest, and full amortization schedule instantly.
Monthly payments are calculated using the standard amortization formula. The formula factors in your principal (loan amount), annual interest rate, and total number of monthly payments. Each payment is split between principal repayment and interest — early payments are more heavily weighted toward interest, while later payments pay down more of your balance. This is sometimes called a "fully amortizing" loan.
As of 2026, personal loan interest rates typically range from 6% to 36% APR depending on your credit score, income, and debt-to-income ratio. Borrowers with excellent credit (720+) often qualify for rates between 6–10%. Use Lendpath's free comparison tool to see current rates from top lenders like SoFi, Upgrade, and LendingClub side by side.
The best way to find the lowest rate is to compare multiple lenders. Each lender has different criteria and offers different rates based on your credit score, income, and loan purpose. Lendpath's free comparison tool lets you see rates from 8 top lenders side by side, so you can find the best deal without visiting each site individually.
No. This personal loan calculator is completely free and runs entirely in your browser. No personal information is collected, no credit check is performed, and your credit score is not affected in any way. When you're ready to compare actual loan offers, Lendpath's comparison tool is also completely free and doesn't affect your credit.
Shorter loan terms mean higher monthly payments but less total interest paid. Longer terms reduce your monthly obligation but cost more over time. Use this calculator to compare different terms — try 24 months vs 60 months on the same amount to see the trade-off. A good rule of thumb is to choose the shortest term you can comfortably afford.
Explore our guides to learn more about personal loans, compare top lenders, and find the best rates for your next loan.