Financial · Calculator
Personal Loan Calculator
Calculate personal loan monthly payments.
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Personal Loan Calculator
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Estimate monthly payments for an unsecured personal loan.
Formula
M = P × [r(1+r)^n] / [(1+r)^n - 1]Step-by-step
- r = annual rate / 12
- n = years × 12
- M = P × [r(1+r)^n] / [(1+r)^n - 1]
Example
A $5,000 personal loan at 12% for 3 years costs $166/month.
FAQ
What is a personal loan?+
An unsecured loan repaid in fixed monthly installments.
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