Personal Loans Calculator
Free personal loans calculator to calculate monthly payments, total interest, and repayment schedule with amortization. Plan your personal loan with extra payment options. Compare rates from Navy Federal, Wells Fargo, Chase, Citibank, USAA, SoFi, SBI, HDFC, and credit unions.
Loan Details
Extra Payments (Optional)
Results
Payment Schedule (Amortization Table)
| Month | Payment Date | Beginning Balance | Principal | Interest | Extra Payment | Total Payment | Ending Balance |
|---|---|---|---|---|---|---|---|
| 1 | November 1, 2025 | $50,000.00 | $671.66 | $354.17 | $0.00 | $1,025.83 | $49,328.34 |
| 2 | December 1, 2025 | $49,328.34 | $676.42 | $349.41 | $0.00 | $1,025.83 | $48,651.92 |
| 3 | January 1, 2026 | $48,651.92 | $681.21 | $344.62 | $0.00 | $1,025.83 | $47,970.71 |
| 4 | February 1, 2026 | $47,970.71 | $686.03 | $339.79 | $0.00 | $1,025.83 | $47,284.68 |
| 5 | March 1, 2026 | $47,284.68 | $690.89 | $334.93 | $0.00 | $1,025.83 | $46,593.79 |
| 6 | April 1, 2026 | $46,593.79 | $695.79 | $330.04 | $0.00 | $1,025.83 | $45,898.00 |
| 7 | May 1, 2026 | $45,898.00 | $700.72 | $325.11 | $0.00 | $1,025.83 | $45,197.28 |
| 8 | June 1, 2026 | $45,197.28 | $705.68 | $320.15 | $0.00 | $1,025.83 | $44,491.60 |
| 9 | July 1, 2026 | $44,491.60 | $710.68 | $315.15 | $0.00 | $1,025.83 | $43,780.93 |
| 10 | August 1, 2026 | $43,780.93 | $715.71 | $310.11 | $0.00 | $1,025.83 | $43,065.21 |
| 11 | September 1, 2026 | $43,065.21 | $720.78 | $305.05 | $0.00 | $1,025.83 | $42,344.43 |
| 12 | October 1, 2026 | $42,344.43 | $725.89 | $299.94 | $0.00 | $1,025.83 | $41,618.55 |
| 13 | November 1, 2026 | $41,618.55 | $731.03 | $294.80 | $0.00 | $1,025.83 | $40,887.52 |
| 14 | December 1, 2026 | $40,887.52 | $736.21 | $289.62 | $0.00 | $1,025.83 | $40,151.31 |
| 15 | January 1, 2027 | $40,151.31 | $741.42 | $284.41 | $0.00 | $1,025.83 | $39,409.89 |
| 16 | February 1, 2027 | $39,409.89 | $746.67 | $279.15 | $0.00 | $1,025.83 | $38,663.22 |
| 17 | March 1, 2027 | $38,663.22 | $751.96 | $273.86 | $0.00 | $1,025.83 | $37,911.25 |
| 18 | April 1, 2027 | $37,911.25 | $757.29 | $268.54 | $0.00 | $1,025.83 | $37,153.97 |
| 19 | May 1, 2027 | $37,153.97 | $762.65 | $263.17 | $0.00 | $1,025.83 | $36,391.31 |
| 20 | June 1, 2027 | $36,391.31 | $768.05 | $257.77 | $0.00 | $1,025.83 | $35,623.26 |
| 21 | July 1, 2027 | $35,623.26 | $773.50 | $252.33 | $0.00 | $1,025.83 | $34,849.76 |
| 22 | August 1, 2027 | $34,849.76 | $778.97 | $246.85 | $0.00 | $1,025.83 | $34,070.79 |
| 23 | September 1, 2027 | $34,070.79 | $784.49 | $241.33 | $0.00 | $1,025.83 | $33,286.30 |
| 24 | October 1, 2027 | $33,286.30 | $790.05 | $235.78 | $0.00 | $1,025.83 | $32,496.25 |
| 25 | November 1, 2027 | $32,496.25 | $795.64 | $230.18 | $0.00 | $1,025.83 | $31,700.60 |
| 26 | December 1, 2027 | $31,700.60 | $801.28 | $224.55 | $0.00 | $1,025.83 | $30,899.32 |
| 27 | January 1, 2028 | $30,899.32 | $806.96 | $218.87 | $0.00 | $1,025.83 | $30,092.37 |
| 28 | February 1, 2028 | $30,092.37 | $812.67 | $213.15 | $0.00 | $1,025.83 | $29,279.70 |
| 29 | March 1, 2028 | $29,279.70 | $818.43 | $207.40 | $0.00 | $1,025.83 | $28,461.27 |
| 30 | April 1, 2028 | $28,461.27 | $824.23 | $201.60 | $0.00 | $1,025.83 | $27,637.04 |
| 31 | May 1, 2028 | $27,637.04 | $830.06 | $195.76 | $0.00 | $1,025.83 | $26,806.98 |
| 32 | June 1, 2028 | $26,806.98 | $835.94 | $189.88 | $0.00 | $1,025.83 | $25,971.03 |
| 33 | July 1, 2028 | $25,971.03 | $841.87 | $183.96 | $0.00 | $1,025.83 | $25,129.17 |
| 34 | August 1, 2028 | $25,129.17 | $847.83 | $178.00 | $0.00 | $1,025.83 | $24,281.34 |
| 35 | September 1, 2028 | $24,281.34 | $853.83 | $171.99 | $0.00 | $1,025.83 | $23,427.51 |
| 36 | October 1, 2028 | $23,427.51 | $859.88 | $165.94 | $0.00 | $1,025.83 | $22,567.62 |
| 37 | November 1, 2028 | $22,567.62 | $865.97 | $159.85 | $0.00 | $1,025.83 | $21,701.65 |
| 38 | December 1, 2028 | $21,701.65 | $872.11 | $153.72 | $0.00 | $1,025.83 | $20,829.54 |
| 39 | January 1, 2029 | $20,829.54 | $878.28 | $147.54 | $0.00 | $1,025.83 | $19,951.26 |
| 40 | February 1, 2029 | $19,951.26 | $884.51 | $141.32 | $0.00 | $1,025.83 | $19,066.76 |
| 41 | March 1, 2029 | $19,066.76 | $890.77 | $135.06 | $0.00 | $1,025.83 | $18,175.99 |
| 42 | April 1, 2029 | $18,175.99 | $897.08 | $128.75 | $0.00 | $1,025.83 | $17,278.91 |
| 43 | May 1, 2029 | $17,278.91 | $903.43 | $122.39 | $0.00 | $1,025.83 | $16,375.47 |
| 44 | June 1, 2029 | $16,375.47 | $909.83 | $115.99 | $0.00 | $1,025.83 | $15,465.64 |
| 45 | July 1, 2029 | $15,465.64 | $916.28 | $109.55 | $0.00 | $1,025.83 | $14,549.36 |
| 46 | August 1, 2029 | $14,549.36 | $922.77 | $103.06 | $0.00 | $1,025.83 | $13,626.59 |
| 47 | September 1, 2029 | $13,626.59 | $929.30 | $96.52 | $0.00 | $1,025.83 | $12,697.29 |
| 48 | October 1, 2029 | $12,697.29 | $935.89 | $89.94 | $0.00 | $1,025.83 | $11,761.40 |
| 49 | November 1, 2029 | $11,761.40 | $942.52 | $83.31 | $0.00 | $1,025.83 | $10,818.88 |
| 50 | December 1, 2029 | $10,818.88 | $949.19 | $76.63 | $0.00 | $1,025.83 | $9,869.69 |
| 51 | January 1, 2030 | $9,869.69 | $955.92 | $69.91 | $0.00 | $1,025.83 | $8,913.77 |
| 52 | February 1, 2030 | $8,913.77 | $962.69 | $63.14 | $0.00 | $1,025.83 | $7,951.08 |
| 53 | March 1, 2030 | $7,951.08 | $969.51 | $56.32 | $0.00 | $1,025.83 | $6,981.58 |
| 54 | April 1, 2030 | $6,981.58 | $976.37 | $49.45 | $0.00 | $1,025.83 | $6,005.20 |
| 55 | May 1, 2030 | $6,005.20 | $983.29 | $42.54 | $0.00 | $1,025.83 | $5,021.91 |
| 56 | June 1, 2030 | $5,021.91 | $990.25 | $35.57 | $0.00 | $1,025.83 | $4,031.66 |
| 57 | July 1, 2030 | $4,031.66 | $997.27 | $28.56 | $0.00 | $1,025.83 | $3,034.39 |
| 58 | August 1, 2030 | $3,034.39 | $1,004.33 | $21.49 | $0.00 | $1,025.83 | $2,030.06 |
| 59 | September 1, 2030 | $2,030.06 | $1,011.45 | $14.38 | $0.00 | $1,025.83 | $1,018.61 |
| 60 | October 1, 2030 | $1,018.61 | $1,018.61 | $7.22 | $0.00 | $1,025.83 | $0.00 |
Formula
P = loan amount, r = monthly rate (APR / 12), n = total months
Understanding Personal Loans Calculators: Your Complete Guide to Smart Borrowing
Personal loans are versatile financial tools that can help you consolidate debt, finance major purchases, cover unexpected expenses, or fund home improvements. Whether you're considering a personal loan from Navy Federal, Wells Fargo, Chase, Citibank, USAA, SoFi, SBI, HDFC, or credit unions, understanding how much you'll pay over the life of the loan is crucial for making informed financial decisions. A free personal loans calculator becomes an invaluable resource in this process.
A personal loans calculator helps you estimate your monthly payments, total interest costs, and repayment schedule before you commit to borrowing. By entering basic information such as loan amount, interest rate, and loan term, you can instantly see how different loan options compare and determine which arrangement works best for your financial situation. Personal loan calculators with extra payments and amortization features provide even more detailed insights into your borrowing costs.
What Is a Personal Loans Calculator?
A personal loans calculator is an online financial tool that computes your monthly loan payments, total interest, and overall loan cost based on the principal amount, annual interest rate, and loan term. These calculators are widely used by borrowers to compare loan offers from different banks and financial institutions. Whether you're looking at a personal loan calculator USA, personal loan calculator India, or options from specific lenders like Navy Federal, Wells Fargo, Chase, Citibank, USAA, SoFi, SBI, or HDFC, these tools help you understand the true cost of borrowing.
For example, if you're considering a $50,000 personal loan at an 8.5% annual interest rate over 5 years (60 months), a personal loans calculator will show you exactly how much you'll pay each month, how much of that payment goes toward interest versus principal, and the total amount you'll repay over the loan's lifetime. A personal loan calculator with amortization provides a detailed month-by-month breakdown of your payment schedule.
Key Features of Personal Loans Calculators
Modern personal loans calculators offer several valuable features. A personal loan calculator payment feature shows your monthly payment amount, helping you determine if a loan fits your budget. Personal loan calculators with extra payments allow you to see how making additional payments—either monthly or as a one-time lump sum—can reduce your total interest paid and shorten your loan term. This feature is particularly useful when you receive bonuses, tax refunds, or other windfalls.
A personal loan calculator with amortization provides a detailed payment schedule showing how much of each payment goes toward principal versus interest. This helps you understand how your loan balance decreases over time and how interest costs are distributed throughout the loan term. The amortization table is essential for understanding the long-term financial impact of your loan.
Regional and Bank-Specific Calculators
Personal loans calculators are available for various regions and specific lenders. A personal loan calculator USA is designed for American borrowers, accounting for USD amounts and US banking practices. A personal loan calculator India is tailored for Indian borrowers, considering rupee amounts and local interest rate structures. These regional calculators help you compare personal loans from local banks and understand repayment terms in your local currency.
Many banks offer their own personal loan calculators on their websites. A personal loan calculator Navy Federal helps members estimate payments for Navy Federal Credit Union personal loans. A personal loan calculator Wells Fargo allows you to estimate payments for Wells Fargo personal loan products. Similarly, personal loan calculators for Chase, Citibank, USAA, SoFi, SBI, HDFC, and credit unions help you understand the costs associated with their specific loan products.
Benefits of Using a Personal Loans Calculator
Using a free personal loans calculator offers numerous benefits. It helps you plan your budget by calculating your monthly payment before applying, ensuring the loan fits your financial situation. You can compare loan offers from multiple lenders side-by-side, evaluating different interest rates and terms to find the most cost-effective option. Understanding the total cost—not just the monthly payment—helps you make informed decisions about whether a loan is truly affordable.
A personal loan calculator with extra payments shows you how making additional payments can save money and time. This feature helps you plan your prepayment strategy, whether you're considering monthly extra payments or a one-time lump sum payment. Armed with calculator results, you can negotiate with lenders more effectively or compare offers from Navy Federal, Wells Fargo, Chase, Citibank, USAA, SoFi, SBI, HDFC, and credit unions.
How to Use a Personal Loans Calculator
Using a personal loans calculator is straightforward. Enter your desired loan amount, input the annual interest rate offered by your lender (or use an estimated rate if you're shopping around), and select your preferred loan term. If available, add extra payment amounts to see how they affect your loan. Review your monthly payment, total interest, and total repayment amount. Compare different scenarios by adjusting the inputs to find the best option for your situation.
Whether you're using a personal loan calculator USA, personal loan calculator India, or calculators from specific lenders like Navy Federal, Wells Fargo, Chase, Citibank, USAA, SoFi, SBI, or HDFC, these tools help you make informed financial decisions. A personal loan calculator with amortization provides the detailed insights you need to understand the long-term impact of your borrowing decisions.
Conclusion
A free personal loans calculator is an essential tool for anyone considering borrowing money. Whether you're comparing offers from Navy Federal, Wells Fargo, Chase, Citibank, USAA, SoFi, SBI, HDFC, credit unions, or other lenders, these tools help you make informed financial decisions. By understanding your monthly payments, total interest costs, and repayment schedule through a personal loan calculator with amortization, you can choose the loan option that best fits your financial situation. The ability to calculate extra payments and compare different loan scenarios makes personal loans calculators invaluable for smart borrowing decisions.