Prefer listening?
Free Loan Calculator
Enter any loan amount, rate, and term — get your exact monthly payment, total interest, and year-by-year breakdown. No signup, no email.
$
mo
Annual Interest Rate (APR) 7.50%
%
Monthly Payment
—
Total Paid
—
Total Interest
—
Principal vs. Interest — by year
Principal repaid
Interest paid
💡 Carrying credit card debt at 20%+? A consolidation loan could halve your interest rate.
Compare Consolidation Loans →Loan Calculator — FAQ
Free Toolkit
Get the free DebtRoute toolkit — calculators, checklists, and step-by-step plans to cut debt faster.
No spam. Unsubscribe anytime.
How is my monthly payment calculated? +
Your payment uses standard amortization: P × [r(1+r)ⁿ] / [(1+r)ⁿ−1] where P = loan amount, r = monthly rate (APR÷12), n = total months. Each payment covers that month’s interest first — the remainder reduces your principal balance.
What’s a good interest rate for a personal loan in 2026? +
Good credit (670+) borrowers typically see 7–14% APR. Fair credit (580–669) usually 14–24%. Above 24% is high — at that point a consolidation loan or balance transfer card is worth exploring.
Should I use a personal loan to pay off credit card debt? +
If your loan APR is lower than your credit card APR (national average: 21.52%), yes — it almost always saves money. See our best consolidation loans of 2026 for current lender rates.
Estimates only. Assumes fixed APR with no new charges. Not financial advice — see disclaimer.