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Personal loan calculator

Personal Loan Calculator

How much can I borrow?

Enter the loan amount and we'll calculate your monthly payment, or enter your desired monthly payment and we'll tell you how much you can borrow.

What is your desired monthly payment?

This is the amount you pay monthly for the length of the term.
Enter in a dollar amount

How much would you like to borrow?

This is the total loan amount.
Enter in a dollar amount
Enter in a dollar amount

How much can I borrow?

The amount you will pay towards the loan monthly.
Enter in a dollar amount
Enter loan amount instead
The amount of money loaned.
Enter in a dollar amount
Enter monthly payment instead
The amount you'll pay each year to borrow the money, expressed as a percentage. Your actual rate may vary. See rates for this loan type for other options.
Enter in a percentage
The duration of time it takes to pay off the loan in months.
Enter in a number between 1 and 360

Principal & Interest Over Time

When using the calculator, please remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates you receive are for illustrative and educational purposes only. The results of any loan calculator are not intended to be and should not be considered a decision of, or a commitment to the loan type or amount for which you may qualify.

Calculate personal loan payments to plan ahead

Personal loans may be good solutions for many kinds of expenses. And because their interest rates are usually fixed, unlike credit cards, loan repayment amounts are fixed. That means you can calculate what you’ll owe and plan ahead for repayment. Interest rates may be lower than credit card rates as well.

You might choose to apply for a personal loan to:

  • Consolidate high interest debt
  • Manage a sudden emergency
  • Make home repairs or improvements
  • Purchase any other big ticket item

Unlike other types of loans, there are usually few, if any, restrictions on how personal loans are spent.

Personal loans vs. personal lines of credit

Personal loans are what most people think of when they think of the word "loan." Members who take out personal loans receive the full amount of cash all at once. Then they repay that loan over a period of time at a set interest rate.

Personal loans generally offer:

  • Full amount of money loaned up front
  • Fixed interest rates
  • Payment term periods
  • Reliable repayments that won't change
  • Interest rates may be lower than credit card rates

Personal lines of credit are more like credit cards. Members who obtains a line of credit receive access to a specified limit of funds, much like a credit card limit. Lines of credit may be good solutions if members don't know exactly how much they'll need, or when payments need to be made in stages. And the best part? If the money isn't spent, it doesn't need to be repaid.

Personal lines of credit usually offer:

  • More flexibility than personal loans
  • Quick access to funds
  • Interest rates that are lower than credit card rates
  • Variable rates

However, personal lines of credit usually do not offer:

  • Fixed rates — rates are usually variable, which means they may change over the period of repayment
  • Reliable repayment — when interest rates change, the repayment amount also changes
  • Grace periods — unlike credit cards, interest often begins to accrue as soon as the funds are used. Making on-time payments doesn't eliminate interest debt.

Managing a major expense? Do it with a personal loan.

Borrow what you need for anything you want at a rate you'll love.

Apply now

Your perspective is important to us and helps us see where we’re hitting the mark and where there might be areas to improve.