Personal Loan Payment Calculator
Estimate your monthly personal loan payment — and what it really costs once interest is counted.
Annual rate (APR).
Monthly payment
$498.21Total interest
$2,935.73Over 36 payments
Total repaid
$17,935.73Private — runs entirely in your browser. Nothing is sent or stored.
This tool is for education and planning only. It is not financial advice. Your inputs run in your browser and are not stored by Recurrings.
One fixed payment, for a fixed term
A personal loan is a fixed-rate, fixed-term instalment loan: you borrow a lump sum and repay it in equal monthly payments. Enter the amount, the APR you're quoted, and the term to see what you'll pay each month and in total.
The APR is everything here. Personal-loan rates swing widely with credit and lender, and a few points change both the monthly payment and the total interest — so it pays to compare offers before committing.
How this fits into your recurring money
A personal loan turns a one-time need into a recurring obligation for months or years. That's not bad in itself — but it adds a fixed claim on every future month's money, and those claims are easy to lose track of when they pile up.
Recurrings keeps every fixed commitment like this in view — the loan payment next to your subscriptions, insurance, and bills — so you always know how much of next month is already spoken for.
The math
payment = P · r · (1 + r)^n / ((1 + r)^n − 1)
r = annual rate ÷ 12, n = years × 12The amortization formula sizes the payment so the loan is fully repaid over the term. Some personal loans also charge an origination fee, which this doesn't include — so the effective cost can be a little higher than the principal-and-interest figure shown.
An estimate for planning — not a loan offer or financial advice.
Common questions
What can I use this for?
Any fixed-rate, fixed-term instalment loan — debt consolidation, a big purchase, an emergency. Enter the amount, the APR you're quoted, and the term to see the monthly payment and total cost.
Why is the APR so important?
Personal loan APRs vary widely with credit and lender, and they drive both the payment and the total interest. A lower APR or shorter term can save a lot — worth comparing offers before you commit.
Does this include fees?
No — some personal loans add an origination fee. If yours does, the effective cost is a bit higher than the principal-and-interest figure shown here. This is an estimate, not a loan offer.
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Know the real cost before you sign
Recurrings tracks every loan payment alongside the rest of your recurring money — so the commitment never gets lost.
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