Personal Loan Calculator
Fixed-rate, fixed-term personal loans are simple math. Plug in the amount, the APR, and the term to see exactly what the loan will cost.
When a personal loan is the right call
- Consolidating credit card debt at a lower rate. Cards at 24% APR, personal loan at 13%. The arithmetic is straightforward.
- One-time emergency. Medical bill, urgent home repair. Personal loan beats payday loan by a mile.
When it is not
- To fund a lifestyle. A loan does not increase your income. It increases your obligations.
- If you cannot answer "how am I paying this back." If the answer is "out of the next loan," you are in a debt spiral.