Welcome to our Personal Loan Calculator! Use this tool to estimate your monthly payments and total interest based on loan amount, interest rate, and term. Input your details below to get instant results. 💸
How It Works
- Enter Loan Amount: The total amount you wish to borrow
- Set Annual Interest Rate: Percentage rate for your loan
- Choose Loan Term: Duration in years or months
- Calculate: Click to see your monthly payment and total cost
Example Calculation
For a $10,000 loan at 5% annual interest over 3 years:
- Monthly Payment: $308.49
- Total Interest: $1,103.64
- Total Repayment: $11,103.64
📌 Tip: Use our Loan Product Guide to explore different loan options and rates.
Need Help?
If you have questions about loan terms or want to compare lenders, visit our Financial Literacy Center for expert insights.
Stay informed and make smart financial decisions! 🚀