Calculators · Personal loan payment

Personal loan payment calculator.

See your monthly payment, total interest, and total cost for any loan amount, APR, and term. Use it to compare offers or budget before you apply.

See real offers, not just estimates.

This calculator is illustrative. To see actual APRs and terms you qualify for, check your rate with LendWyse — soft credit check, no impact on your score.

Frequently asked

• How is my personal loan payment calculated?

  Personal loans use a fixed amortization formula: monthly payment = P × (r × (1+r)^n) / ((1+r)^n − 1), where P is the loan amount, r is the monthly rate (APR / 12), and n is the number of months. Each payment includes both interest and principal.

• What APR can I expect?

  APRs across LendWyse's network range from about 7.99% to 35.99%. Borrowers with 740+ credit and strong income see the lowest rates; borrowers with fair or rebuilding credit see higher APRs. Use the calculator to model different scenarios.

• Does a longer term save me money?

  No — a longer term lowers your monthly payment but increases total interest paid. A 36-month term costs less overall than a 60-month term at the same APR. Pick the shortest term whose monthly payment fits your budget.

• Are origination fees included in this calculator?

  This calculator shows interest only. Some lenders charge origination fees (typically 0–8%) that are deducted from your loan proceeds. Always compare the APR (which includes most fees) rather than the headline interest rate alone.

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