Personal Loan Calculator
The personal loan calculator computes the monthly payment and total cost of a personal loan. Enter the loan amount, APR, and term in months. The calculator shows monthly payment, total cost, and total interest. A reference table of typical personal loan APRs by credit score is included. Most personal loans are unsecured (no collateral required) and have fixed monthly payments.
Typical personal loan APRs by credit score
| Credit Score | Typical APR Range |
|---|---|
| Excellent (750+) | 6% - 12% |
| Good (700-749) | 10% - 16% |
| Fair (650-699) | 14% - 24% |
| Poor (600-649) | 20% - 30% |
| Bad (<600) | 25% - 36% |
Personal loan calculator: frequently asked questions
What is a personal loan?
A personal loan is an unsecured loan from a bank or lender for general purposes like debt consolidation, home improvement, or emergencies. It typically has a fixed monthly payment and term.
What is APR vs interest rate?
APR (Annual Percentage Rate) includes the interest rate plus fees and other costs of borrowing. It is a more complete picture of the true cost of a loan.
What is a typical personal loan APR?
Personal loan APRs typically range from 6% to 36% depending on credit score, lender, and loan amount. Better credit scores get lower rates.
Can I pay off a personal loan early?
Yes. Most personal loans have no prepayment penalty, so you can pay them off early without extra charges.
How does this differ from the loan calculator?
This is focused on personal loans with common rate references. The loan calculator is more general for any loan type.
Official sources
- Federal Reserve: Consumer Credit Statistics.
- Consumer Financial Protection Bureau: CFPB.
Reviewed by the CalculatorHub team, edited by James Graham, 14 June 2026. See our methodology.