Check out this free Personal Loan Calculator - Comparewise

Personal loan calculator

Jumpstart your dreams with the lowest rates available.

Loan amount ($1000 - $50,000)

Loan duration (1 Year - 10 Year)

You could be paying as little as

Monthly

Bi-Weekly
Weekly

*The calculation is based on the information you provide and is for illustrative and general information purposes only. This should not be relied upon as specific financial or other advice.

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Personal Loan Calculator

The maximum amount available for a personal loan and the maximum amount you can borrow will vary depending on the lender and your financial situation. Find the right lender and see how much you’re eligible to borrow as well as what types of rates you may be offered. If it matches with your budget, you may be on your way to financing that next big purchase in your life.

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Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.

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comparewise

June 29, 2022
Fact Checked

FAQs about our
Personal Loan Calculator

What can I use a personal loan for?

You can use your personal loan for just about anything legitimate. Common purposes include debt consolidation, home renovation and making large purchases. Certain lenders may limit your uses – for instance, some may not allow you to use a personal loan for secondary education costs – but in general, how you use your loan funds depends entirely on your needs.

Some lenders offer pre-approvals that allow you to get your rates and terms, so you can see what amount you could qualify for. These preapprovals typically don’t require a hard credit check, which means you can seek pre-approval from multiple lenders to find the most competitive and affordable loan for your needs.

How do I use this personal loan calculator?

Follow these steps to fill out the fields in the calculator. If a field doesn’t apply to you — you’re not a landlord or don’t have a car loan, for example — leave that section blank.

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