Personal loan payment calculator: monthly payment, interest and total cost

How the payment is worked out

The payment is the amount that clears the loan exactly by the end of the term when interest is charged each month on what is still owed. Early payments are mostly interest and later payments are mostly capital, which is why the balance falls slowly at first.

A shorter term raises the payment but cuts the interest. A longer term does the opposite. Use the amount pages below to compare terms side by side.

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Schedules

All Personal Loan Payments pages (53)

• $2,000 over 2 years
• $2,000 over 3 years
• $2,000 over 4 years
• $2,000 over 5 years
• $2,000 personal loan
• $3,000 over 2 years
• $3,000 over 3 years
• $3,000 over 4 years
• $3,000 over 5 years
• $3,000 personal loan
• $5,000 over 2 years
• $5,000 over 3 years
• $5,000 over 4 years
• $5,000 over 5 years
• $5,000 personal loan
• $7,500 over 2 years
• $7,500 over 3 years
• $7,500 over 4 years
• $7,500 over 5 years
• $7,500 personal loan
• $10,000 over 2 years
• $10,000 over 3 years
• $10,000 over 4 years
• $10,000 over 5 years
• $10,000 personal loan
• $15,000 over 2 years
• $15,000 over 3 years
• $15,000 over 4 years
• $15,000 over 5 years
• $15,000 personal loan
• $20,000 over 2 years
• $20,000 over 3 years
• $20,000 over 4 years
• $20,000 over 5 years
• $20,000 personal loan
• $25,000 over 2 years
• $25,000 over 3 years
• $25,000 over 4 years
• $25,000 over 5 years
• $25,000 personal loan
• $30,000 over 2 years
• $30,000 over 3 years
• $30,000 over 4 years
• $30,000 over 5 years
• $30,000 personal loan
• $40,000 over 2 years
• $40,000 over 3 years
• $40,000 over 4 years
• $40,000 over 5 years
• $40,000 personal loan
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