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Financial calculator

Personal Loan Calculator

Estimate monthly payment, interest, fee impact and payoff acceleration for a fixed-rate personal loan.

The fee is shown as a cost and as net proceeds. Some lenders deduct origination fees from the disbursed amount rather than adding them to the balance.

Method

The payment uses fixed-rate amortization. Origination fee is calculated from the loan amount and shown separately so you can compare advertised loan amount with net cash received.

Example

A $12,000 loan at 13.5% APR for 4 years has a payment of about $324 per month before any origination-fee handling.

Common mistakes

Compare the cash you actually receive, not just the approved loan amount. Origination fees may be deducted upfront or added to the balance depending on lender terms.

Limitations

This is not a lender quote. It excludes variable rates, late fees, prepayment rules, insurance add-ons, underwriting, credit approval and jurisdiction-specific disclosures.

References

Last reviewed: 2026-05-16

Before relying on this result

Use this calculator together with the formula, assumptions, limitations and examples on the page. If the topic involves health, tax, lending, investment, legal, safety or current-rate decisions, treat the number as an estimate and check the relevant primary source or professional guidance.

Calculator metadata last reviewed: 2026-05-14.