How this calculation works
This uses the standard amortizing-loan formula lenders use — drag the sliders above to match an actual offer and see the monthly payment, total interest and full payoff schedule update instantly.
Frequently asked questions
What's a typical rate range for a personal loan?
It varies hugely by credit score and lender — strong credit can see single-digit rates, while weaker credit can see rates well into the double digits. Shopping multiple lenders for a pre-qualification (which typically doesn't affect your score) is worth doing.
Is a personal loan usually cheaper than credit card debt?
Often yes, since credit card APRs tend to run higher than personal loan rates for most credit profiles — which is exactly why personal loans are commonly used for debt consolidation. See the Debt Consolidation Calculator to check your specific numbers.
This calculator provides estimates for general informational purposes only and is not financial advice. Actual rates and terms depend on your lender and credit profile.