How personal loan payments work
A personal loan is typically repaid in equal monthly installments that combine principal and interest, fully paying off the balance by the end of the term. Some lenders also charge an upfront origination fee, which is deducted from the amount you actually receive.
How this calculator works
The calculator uses the standard installment loan formula to find the fixed monthly payment that pays off your loan amount over the chosen number of months at your given rate. It also shows total interest paid, total repayment, and, if you enter an origination fee percentage, how much cash you’d actually receive after that fee is taken out.
This is a general estimate for planning purposes. Your actual rate, fees, and payment will depend on your lender and creditworthiness.
Last reviewed August 2026