A $10,000 personal loan at 10% over 3 years costs $323 a month and $1,616 of interest in total.
- 1 year
- 3 years
- 5 years
| Amount | 1 year | 2 years | 3 years | 4 years | 5 years | 7 years |
|---|---|---|---|---|---|---|
| $1,000 | $88 | $46 | $32 | $25 | $21 | $17 |
| $2,500 | $220 | $115 | $81 | $63 | $53 | $42 |
| $5,000 | $440 | $231 | $161 | $127 | $106 | $83 |
| $7,500 | $659 | $346 | $242 | $190 | $159 | $125 |
| $10,000 | $879 | $461 | $323 | $254 | $212 | $166 |
| $15,000 | $1,319 | $692 | $484 | $380 | $319 | $249 |
| $20,000 | $1,758 | $923 | $645 | $507 | $425 | $332 |
| $25,000 | $2,198 | $1,154 | $807 | $634 | $531 | $415 |
| $30,000 | $2,637 | $1,384 | $968 | $761 | $637 | $498 |
| $40,000 | $3,517 | $1,846 | $1,291 | $1,015 | $850 | $664 |
| $50,000 | $4,396 | $2,307 | $1,613 | $1,268 | $1,062 | $830 |
How it is computed
Each cell is the fixed monthly payment P × i ÷ (1 − (1 + i)^−n), with i the annual rate ÷ 12 and n the number of months. Origination fees and insurance are not included.
FAQ
Is the rate the same as the APR?+
Not always. The APR adds fees to the interest rate; if a lender charges an origination fee, the true cost is higher than the payment shown here suggests.
Can I pay a personal loan off early?+
Most lenders allow it, sometimes with a fee. Every extra payment cuts the remaining interest.