Estimate your monthly payment and total interest cost on an unsecured personal loan.
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Your Loan Payment
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Total Amount Paid—
Total Interest—
Formula
Payment = Loan Amount × r(1+r)^n / ((1+r)^n - 1), where r is the monthly rate and n is the term in months.
Example
A $15,000 personal loan at 11% APR over 48 months has a monthly payment of about $388, with roughly $3,624 in total interest.
Not tax or financial advice. This calculator provides general estimates based on published 2026 figures. Always confirm important figures with the IRS, SSA, your state tax agency, a licensed lender, or a qualified professional.
Frequently Asked Questions
What is a typical personal loan rate?
Rates vary widely by credit score and lender, often ranging from about 7 percent for excellent credit to 25 percent or more for lower credit scores.
Are personal loans secured or unsecured?
Most personal loans are unsecured, meaning no collateral is required, which is part of why rates can run higher than secured loans like auto loans.