Personal Loan Calculator
Calculate personal loan payments and compare rates from multiple lenders. See how consolidating debt or financing major expenses affects your finances.
Loan Information
Typical range: $1,000 - $50,000
Longer terms = lower payments, more interest
Good - Estimated APR: 10.49%
Purpose affects interest rates
Current Debt Details
Credit cards typically 18-25%
Loan Analysis
Estimated Monthly Payment
$0
At 0.00% APR
Total Interest
$0
Total paid: $0
Debt Consolidation Analysis
Monthly Savings
$0
Higher payment
Total Interest Savings
$0
Payoff Time Saved
0 months
Compare Lenders
| Lender Type | APR | Monthly | Total Interest | Savings |
|---|
* Rates are estimates based on credit score. Actual rates vary by lender.
Improve Your Loan Terms
Better Rates
- • Improve credit score before applying
- • Shop with multiple lenders
- • Consider a cosigner
- • Choose shorter loan terms
Approval Tips
- • Debt-to-income ratio under 40%
- • Stable employment history
- • Check credit report for errors
- • Have documentation ready
Warning Signs
- • APR over 36% (predatory lending)
- • Prepayment penalties
- • Origination fees over 8%
- • Pressure to borrow more than needed
Personal Loan Guide
Debt Consolidation
Combine high-interest debts into one lower-rate loan. Simplify payments and save on interest.
Shop Around
Compare at least 3-5 lenders. Use prequalification to check rates without hurting credit.
Borrow Wisely
Only borrow what you need. Have a repayment plan. Avoid using loans for non-essentials.
