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Use our personal loan calculator below to estimate how much you’ll pay for a loan, so you’re prepared to cover any unexpected expenses, tackle home improvements, or consolidate debt.


Enter loan information

? Enter the total amount borrowed $

? Enter your annual interest rate %

? Enter the amount of time you have to repay your loan (120 months is the standard) months

Total Payment

Total Payment

$19,091

Total Interest

$4,092

Monthly Payment

$159

How to use our personal loan calculator

To use the calculator, just enter the following into the fields below:

  1. The amount you want to borrow
  2. What the interest rate will be
  3. The length of repayment terms

Then you can see what your total payment will be, including interest, as well as your monthly payment.

Getting a personal loan

After you’ve figured out your monthly payment, and how long it will take you to pay off, you’ll be able to budget for your loan. Then once you’re ready to borrow, compare personal loans from multiple lenders and choose the one that’s best for you.

LenderRatesLoan Amounts 
avant

View details
Fixed: 9.95% - 35.99% APR$2,000 up to $35,000**Get Rates

Loan terms
• 2 - 5 years*

Loan amount
• $2,000 to $35,000**

Loan uses
• Debt consolidation, emergency expense, life event, home improvement, and other purposes

Residency
• Must be a resident in the U.S. with a valid Social Security number

Time to get funds
• As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)

Key benefits
• Fast online process, with e-signed contract
• Receive funds as soon as next business day (if approved by 4:30pm CT, Monday through Friday)
• Options for borrowers with less than perfect credit (most of Avant’s customers have credit scores in the 600 to 700 range)

Avant personal loans review

*If approved, the actual loan terms that a customer qualifies for may vary based on credit determination, state law, and other factors. Minimum loan amounts vary by state.

**Example: A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33.

best egg

View details

Fixed: 5.99% - 29.99% APR$2,000 up to $35,000Get Rates

Loan terms
• 3 or 5 years

Loan amount
• $2,000 to $35,000

Loan uses
• Credit card refinancing, debt consolidation, home improvement, and other purposes

Residency
• Must be a U.S. Citizen or a Permanent Resident Alien
• Can't be a resident of IA, VT, or WV

Time to get funds
• As soon as 1 - 3 business days after successful verification

Key benefits
• Choose your payment date
• You can have up to two Best Egg loans at the same time

Best Egg personal loans review

freedomplus

View details
Fixed: 5.99% - 29.99% APR$10,000 up to $35,000Get Rates

Loan terms
• 2 - 5 years

Loan uses
• Debt consolidation, home improvement, wedding, travel, medical expenses, and other purposes

Residency
• Must be a resident in the U.S. with a valid Social Security number

Time to get funds
• As soon as 2 business days

Key benefits
• No fees

FreedomPlus personal loans review

lendingclub

View details
Fixed: 6.95% - 35.89% APR$1,000 up to $40,000Get Rates

Loan terms
• 3 - 5 years

Loan amount
• $1,000 to $40,000

Loan uses
• Debt consolidation, paying off credit cards, home improvement, pool loans, vacations, and other purposes

Residency
• Must be a U.S. Citizen or Resident Alien with a valid Social Security number and physical address, currently residing in the U.S.

Time to get funds
• Usually takes about 7 days

Key benefits
• The amount you pay will never increase

LendingClub personal loans review

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lendingpoint

View details
Fixed: 9.99% - 35.99% APR$2,000 up to $25,000Get Rates

Loan terms
• 2 - 4 years

Loan amount
• $2,000 to $25,000

Loan uses
• Home improvement, consolidate debt, credit card refinancing, relocate, make a large purchase, and other purposes

Residency
• Must be a U.S. Citizen or Permanent Resident with a verifiable Social Security number

Time to get funds
• As soon as the next business day

Key benefits
• Available to "near prime" borrowers with credit scores as low as 585
• Streamlined approval and application process
• No prepayment penalty

LendingPoint personal loans review

lightstream

View details
Fixed: 4.99% - 16.79% APR $5,000 up to $100,000Get Rates

Loan terms
• 2 - 7 years

Loan uses
• Credit card refinancing, debt consolidation, home improvement, and other purposes

Residency
• Borrower must reside in the U.S.

Time to get funds
• As soon as the same business day

Key benefits
• 0.50% autopay discount (only available prior to loan funding)
• $100 rebate if you’re not completely satisfied with the LightStream experience and if you fill out a questionnaire telling LightStream how they can improve their services

LightStream personal loans review

marcus

View details
Fixed: 6.99% - 28.99% APR*
(For NY residents: 6.99% - 24.99% APR)
*APR discounts may be available for direct payment of outstanding credit card debt and autopay.
$3,500 up to $40,000Get Rates

Loan terms
• 3 - 6 years

Loan uses
• Credit card refinancing, debt consolidation, home improvement, and other purposes

Residency
• Must be a U.S. Citizen or Resident Alien with a valid Social Security number and physical address, currently residing in the U.S.

Time to get funds
• About 1 - 4 business days, given approval and bank account verification

Key benefits
• Tailored monthly payment options designed to fit your budget
• After making 12 or more consecutive monthly payments, you can defer one payment as long as you have made all your prior payments in full and on time1

Marcus personal loans review

1 After making 12 or more consecutive monthly payments, you can defer one payment as long as you have made all your prior payments in full and on time. Marcus will waive any interest incurred during the deferral and extend your loan by one month (you will pay interest during this extra month). Your payments resume as usual after your deferral. Advance notice is required. See loan agreement for details.

payoff

View details
Fixed: 5.99% - 24.99% APR$5,000 up to $35,000Get Rates

Loan terms
• 2 - 5 years

Loan uses
• Debt consolidation and credit card consolidation only

Residency
• Borrower can't reside in DC, DE, IA, LA, MA, MD, MI, MN, MS, NC, NE, NV, OH, OK, VA, VT, WA, WI, or WV

Time to get funds
• As soon as 2 - 5 business days after verification

Key benefits
• Free FICO score updates
• If you lose your job, they’ll work with you on payments
• Offers scientific personality, stress, and cash flow assessments to help you get a better understanding of your personal finances

Payoff personal loans review

prosper

View details
Fixed: 6.95% - 35.99% APR$2,000 up to $35,000Get Rates

Loan terms
• 3 - 5 years

Loan amount
• $2,000 to $40,000

Loan uses
• Debt consolidation, home improvement, vehicles, small business, new baby expenses, and other purposes

Residency
• Must be a U.S. resident with a bank account and Social Security number

Time to get funds
• On average, within 5 days of accepting your offer

Key benefits
• All loans through prosper are unsecured (no collateral required)
• Loan review process usually completed in 7 business days or less

Prosper personal loans review

upstart

View details
Fixed: 7.99% - 35.89% APR$1,000 up to $50,000Get Rates

Loan terms
• 3 - 5 years

Loan amount
• $1,000 to $50,000

Loan uses
• Debt consolidation, credit card refinancing, home improvement, and other purposes

Residency
• Borrower can't be a resident of CT, CO, IA, MA, MD, VT, or WV

Time to get funds
• Within a day of clearing necessary verifications

Key benefits
• Free credit monitoring
• Free educational resources that can help borrowers

Upgrade personal loans review

upstart

View details
Fixed: 8.89% - 35.99% APR$1,000 up to $50,000Get Rates

Loan terms
• 3 - 5 years

Loan amount
• $1,000 to $50,000

Loan uses
• Payoff credit cards, consolidate debt, take a course or bootcamp, relocate, make a large purchase, and other purposes

Residency
• Must be a U.S. Citizen or Permanent Resident with a verifiable Social Security number

Time to get funds
• As soon as 1 - 3 business days

Key benefits
• Can apply for a second loan after making six on-time monthly payments ($50,000 maximum principal on all loans)

Upstart personal loans review

Compare rates from these lenders without affecting your credit score. 100% free!

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All APRs reflect autopay and loyalty discounts where available | LightStream payment example | Read more about Rates and Terms

Keep Reading: How to Get a Personal Loan

Frequently asked questions about personal loans

  1. How do I find the right personal loan for me?
  2. How much will I qualify for?
  3. How much will my interest rate be?

How do I find the right personal loan for me?

If you need a personal loan for debt consolidation, home improvements, or some other purpose, you might not know where to start. There are a few major things to keep in mind when choosing one that’s right for you:

  1. Always compare multiple loan options: Compare loan offers from different financial institutions — like banks, credit unions, and online lenders — to be sure you’re getting the best loan for your situation.
  2. Factor fees into the total loan balance cost: Most personal loans have an origination fee, but the type of fee you should watch out for is a prepayment penalty — you don’t want to end up paying more if you choose to pay the loan off earlier.
  3. Take the loan term into consideration: With a longer term, you’ll have the luxury of a lower monthly loan payment, but that also means you’ll end up paying more in total interest payments over the life of the loan. With a shorter term, you’ll pay more each month, but save more in the long run. So weigh the pros and cons of longer versus shorter terms carefully before deciding.

Check Out: The Best Personal Loan Lenders

[ Jump back to FAQs ]

How much will I qualify for?

You can apply for a wide range of loan amounts when it comes to getting a personal loan — usually between $1,000 and $100,000, depending on the lender.

The total amount you qualify for, however, will depend on a few factors:

  • Your debt-to-income ratio, or DTI
  • Your credit report and history
  • Your credit score

Generally, if you have a good credit score or excellent credit, you’ll qualify for lower interest rates. If your credit is poor, you could still qualify, but at a much higher interest rate. If you have bad credit, make an effort to improve your score before applying.

[ Jump back to FAQs ]

How much will my interest rate be?

Personal loan interest rates vary from lender to lender and depend on your credit score and history. It also depends on the loan terms you choose (like length of payment and total amount you’re borrowing). Though, generally, personal loan interest rates start at 3.99% up to 35.99% APR.

Credible makes it easy to quickly compare prequalified interest rates offered by multiple lenders without affecting your credit score.

[ Jump back to FAQs ]

Compare top personal loans now
Credible simplifies personal loan shopping by letting you compare rates from top lenders in minutes.

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About Rates and Terms: Rates for personal loans provided by lenders on the Credible platform range between 3.99% - 35.99% APR with terms from 24 to 84 months. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 8%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 11.51%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 12, 2019, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.

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About the author
Jamie Young
Jamie Young

Jamie Young is a Credible authority on personal finance. Her work has been featured by Time, Business Insider, Huffington Post, Forbes, CBS News, and more.

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