Personal Loan Interest Calculator

Personal Loan Interest Calculator

Loan Amount ($)

Please enter a valid loan amount.

Annual Interest Rate (%)

Please enter a valid interest rate.

Loan Term (months)

Please enter a valid loan term.

Results

Monthly Payment

$0.00

Total Interest

$0.00

Total Payment

$0.00

Formula Used

M = P [ r(1+r)^n ] / [ (1+r)^n - 1 ]
where P = loan amount, r = monthly interest rate (annual rate/12/100), n = number of months