Debt Consolidation Calculator
See how much you could save by consolidating your debts into one personal loan.
Personal Loan Calculator
Calculate your personal loan payments instantly with our free calculator. See monthly payments, total interest, and find the best loan terms for your budget.
Personal Loan Payment Calculator
Enter your loan details to see your estimated monthly payment
Estimated Monthly Payment
$181
Principal Amount
$5,000
Total Interest
$1,516
Total Payment
$6,516
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Explore our free financial tools to make smarter money decisions
Budget Planner
Plan your monthly budget and see how a personal loan payment fits your finances.
Loan Comparison Tool
Compare different personal loan options side-by-side to find the best deal.
APR Calculator
Calculate the true annual percentage rate including all fees and charges.
Amortization Schedule
View your complete personal loan payment schedule month by month.
Savings Calculator
Calculate how much you can save with early loan payoff strategies.
How Our Personal Loan Calculator Works
Understanding your personal loan calculations in 4 simple steps
1
Enter Loan Amount
Choose how much you want to borrow from $1,500 to $20,000.
2
Set Interest Rate
Adjust the APR based on typical personal loan rates (6% - 36%).
3
Select Term Length
Choose your repayment period from 24 to 60 months.
4
See Your Results
Instantly view your monthly payment, total interest, and total cost.
Personal Loan Calculator FAQ
How do I calculate my personal loan payment?
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Use our free personal loan calculator by entering your desired loan amount, interest rate (APR), and loan term. The calculator uses the standard amortization formula to instantly show your estimated monthly payment and total interest paid over the life of the loan.
What is a good interest rate for a personal loan?
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Personal loan interest rates typically range from 6% to 36% APR depending on your credit score, income, and loan amount. Rates below 10% are considered excellent (usually for borrowers with scores above 720), rates between 10-20% are average, and rates above 20% are common for borrowers with lower credit scores.
How much can I borrow with a personal loan?
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Personal loan amounts typically range from $1,000 to $50,000. At OneMain Financial, you can borrow between $1,500 and $20,000 depending on your state and creditworthiness. The amount you qualify for depends on factors like your income, credit history, and debt-to-income ratio.
How accurate is this personal loan calculator?
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Our personal loan calculator provides accurate estimates based on the standard loan amortization formula. However, your actual rate and payment may vary based on your credit profile, income verification, and state regulations. Use this calculator as a planning tool and apply to get your personalized rate.
What factors affect my personal loan rate?
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Your personal loan interest rate is determined by several factors including: credit score (higher is better), income and employment stability, debt-to-income ratio, loan amount and term length, and whether you offer collateral. OneMain Financial looks beyond just your credit score to offer personalized rates.
Calculator Created by Financial Expert
David Chen, CFP®
Senior Financial Advisor
NMLS Licensed • Certified Financial Planner • 15+ Years Experience
David has helped thousands of Americans understand personal loan options and make informed financial decisions. He specializes in debt management and personal finance education.
Ready to Apply for Your Personal Loan?
Now that you've calculated your payments, take the next step. Apply online in minutes and get a personalized rate quote.
Apply for Personal Loans Now