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Personal loan calculator

See your monthly payment, total interest, how much an origination fee takes out of the money you get, and your true APR. Change the numbers to match your offer.

Key facts

Compare APRs, not rates. The APR includes the origination fee; the rate does not.
The fee comes out of your money. Borrow $10,000 with a 5% fee and you get $9,500.00, but you repay all $10,000 plus interest.
Shorter term, less interest. The payment is higher, but you pay interest for fewer months.

Your loan

Loan amount ($)

Interest rate (%)

Months

Origination fee (%)

Monthly payment

$332.14

a month for 36 months

You receive

$9,500.00

Total interest

$1,957.18

True APR

15.61%

The 5% fee takes $500.00 off the top, so your true APR is 15.61%, not 12%.

Show the math

Fee: $10,000.00 × 5% = $500.00
You receive: $10,000.00 − $500.00 = $9,500.00
Monthly rate: 12% ÷ 12 = 1.0000%
Payment: $10,000.00 × i × (1+i)^36 ÷ ((1+i)^36 − 1) = $332.14
Total paid: 35 × $332.14 + last $332.28 = $11,957.18
Total interest: $11,957.18 − $10,000.00 = $1,957.18
True APR: the yearly rate at which your 36 payments are worth exactly the $9,500.00 you receive = 15.61%

i = yearly rate ÷ 12. Each month's interest is the balance × i, rounded to the cent; the last payment clears what's left. The true APR uses the federal formula in Reg Z App. J: the fee is a prepaid finance charge, so the APR is figured on the money you actually receive (Reg Z 1026.18). Lenders' APRs count as accurate within 1/8 of a point (Reg Z 1026.22).

More options

Need a set amount in hand? Amount you need ($)

Borrow $5,263.16 to receive $5,000.00 after a 5% fee ($263.16).

Month-by-month schedule

We checked this calculator against lenders' own examples

Each row uses the numbers in the lender's own disclosure. Small differences in cents can come from the day your first payment is due.

Lender example	Lender says	This calculator
Upgrade: $10,000 at 13.94%, 36 mo, 5% fee	you receive $9,500; $341.48 a month; 17.59% APR	you receive $9,500.00; $341.48 a month; 17.59% APR
Prosper: $10,000 at 17.29%, 36 mo, 8.99% fee	you receive $9,101; $357.97 a month; 24.19% APR	you receive $9,101.00; $357.97 a month; 24.19% APR
Prosper: $10,000 at 15.63%, 60 mo, 8.99% fee	you receive $9,101; $241.22 a month; 20.02% APR	you receive $9,101.00; $241.22 a month; 20.02% APR
LendingClub: $15,262 at 13.99%, 36 mo, 6% fee	fee $916; you receive $14,346; $522 a month; 18.40% APR	you receive $14,346.28; $521.54 a month; 18.40% APR
Truist: $10,000 at 9.99%, 36 mo, 0% fee	$322.62 a month	$322.62 a month
Citi: $10,000 at 15.99%, 36 mo, 0% fee	about $351.52 a month	$351.52 a month

Servicemembers and their families: the Military Lending Act caps most loans at a 36% military APR, which also counts fees and add-on products (32 CFR 232.4).

Sources

Regulation Z, Appendix J: the APR formula (actuarial method) (checked October 21, 2026)
12 CFR 1026.22 (Regulation Z): how the APR is figured; accurate within 1/8 of a point (checked October 21, 2026)
12 CFR 1026.18 (Regulation Z): amount financed and prepayment disclosures (checked October 21, 2026)
CFPB: What is the difference between a loan interest rate and the APR? (checked October 21, 2026)
32 CFR 232.4 (Military Lending Act): 36% MAPR limit (checked October 21, 2026)
Upgrade: personal loans (rates, fees, example) (checked October 21, 2026)
Prosper: personal loans (rates, fees, examples) (checked October 21, 2026)
LendingClub: rates and fees (example) (checked October 21, 2026)
Truist: LightStream payment example (checked October 21, 2026)
Citi: personal loans (payment example) (checked October 21, 2026)

Next step: get rate offers from at least three lenders with a soft credit check, then enter each offer's amount, rate, months and fee here and pick the lowest total cost. Compare personal lenders · Personal loan key facts

Facts and math only, not financial advice. Your real rate, fee and term come from the lender's offer and its Truth in Lending disclosure. No lender pays to be on this page, and there are no partner links.

FAQ

How does an origination fee change my APR?

The fee comes out of the money you receive, but you repay the full loan. Example: $10,000 at 12% for 36 months with a 5% fee: you receive $9,500.00, pay $332.14 a month, and the true APR is 15.61%.

How is the monthly payment calculated?

Payment = loan × i × (1+i)^n ÷ ((1+i)^n − 1), where i is the yearly rate divided by 12 and n is the number of months.

How much do I need to borrow to get a set amount?

Divide what you need by (1 − fee). Example: to get $5,000 with a 5% fee, borrow $5,263.16; the fee is $263.16.

Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.