Calculate Your Monthly Payment
Why Estimates Vary
A lender evaluates several details before deciding whether to offer credit and on what terms.
Credit Profile
Credit history and existing obligations can influence eligibility and pricing.
Income & Affordability
Lenders may consider income, recurring expenses and debt-to-income ratio.
Amount & Term
The requested amount and repayment period can change the rate and total cost.
Read Before Continuing
Evaluate the full cost, not only the monthly payment.
Review These Numbers
- Annual percentage rate and whether it is fixed
- Estimated monthly payment
- Total of all scheduled payments
- Origination, late and other possible fees
Protect Your Information
- Confirm the lender clearly identifies itself
- Use a secure connection before sharing data
- Never pay a fee for a guaranteed approval
- Read the agreement before accepting terms
How This Estimate Works
It uses a fixed illustrative APR of 7.5% so amounts and terms can be compared consistently. This is not a rate quote.
Although a longer term may lower the monthly payment, interest can accrue across more months, increasing total repayment.
No. The example assumes no additional fees. Actual lenders may charge origination or other fees that change proceeds and total cost.
No. Continue takes you to information about a specific bank’s personal loan. No personal information is collected by this calculator.
Understanding Your Estimate
A closer look at what this number does — and doesn’t — tell you.
The monthly payment above is calculated using a fixed illustrative APR of 7.5%, applied consistently across every amount and term so you can compare options on equal footing. It is not a rate quote, and it is not personalized to your credit profile, income or location.
When you click continue, you’ll be taken to a page with information about a specific bank’s personal loan product, including how their application process works and how to apply directly with them. Nothing you enter on this page is submitted anywhere — the slider and dropdown only run a local calculation in your browser.
Because every lender prices risk differently, the same amount and term can result in a noticeably different real offer from one bank to the next. Use this estimate as a starting point for the conversation, not as a final number.
The rate a specific bank actually offers you depends on factors this calculator doesn’t have access to, including your credit score, verified income, existing monthly debt payments, and sometimes the state you live in. Two applicants requesting the same amount and term can be quoted very different rates once a lender reviews their full financial picture.
It’s common — and often worthwhile — to check estimated terms with more than one lender before deciding. Comparing a small number of offers side by side, using the same amount and term, makes it easier to see which one actually costs less over the life of the loan, rather than judging based on the monthly payment alone.
Beyond the interest rate, pay attention to any origination fee, which is sometimes deducted from the amount you receive, as well as whether the lender charges a penalty for paying the loan off early. Two loans with the same advertised rate can end up costing noticeably different amounts once these details are factored in.