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Personal Loan
Payments Calculator

Many people use personal loans to deal with unexpected expenses. Find the right one for you by calculating potential rates and terms.
Fill out a short application and find out if you qualify in minutes!
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Approved
$3,500
Approved funds may be deposited in 24hrs*
Loans From
$300- $5,000
Loans Up To
24 Months
Min. Credit Score
No min. to apply
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TrustScore
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Personal Loan Payment Calculator

Enter your loan details below to estimate your monthly payments. Adjust the values to see how they affect your plan.
How much do you want to borrow?
$2,500
$300
$5,000
Loan Term
12 Months
3 Months
24 Months
Annual Percentage Rate (APR)
249%
199%
99%
49%
25%

Estimated Payment Plan

Monthly Payment
$78.50
Loan Amount
$2,500
Loan Term
12 Months
APR
25%
Estimated Interest
$345
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The interest rates, credit score ranges, and APR estimates shown above are illustrative only and do not represent guaranteed loan offers or actual lending terms. Actual rates and approval outcomes may vary based on factors such as credit history, income, loan type, lender criteria, and market conditions. Please consult directly with a lender for personalized rates and terms.

Financial Literacy
Financial Literacy
Financial Literacy

The Borrower's Cheat Sheet

CreditNinja cares about your financial situation. Making good financial choices means brushing up on your financial literacy. Here are some common terms to familiarize yourself with in order to make better money choices.

Hand holding a phone showing a CreditNinja loan approval screen

Loan Amount

A loan amount is the sum you will receive after the loan agreement is made. Lenders transfer that sum safely to your checking account before any of your loan payments are made.

Loan Term

Think of loan terms as the duration of the loan payment process. Make sure you know when your payments are due and the total length of the repayment period.

Interest Rate

The personal loan interest rate is essentially the amount of money you pay for the service of borrowing the principal loan amount.

Annual Percentage Rate (APR)

The APR is one of the most important factors to consider when comparing different loans. The APR not only includes the interest rate but any other fees associated with the loan.

Payment Frequency

Knowing your payment frequency and sticking to it is very important. Late payments or defaulting on the loan can make it even more difficult to pay off in the long run.
Financial Knowledge
Financial Knowledge
Financial Knowledge

Types of Personal Loans

There is more than one type of personal loan you can get. The best option depends on your financial needs, credit score range, and repayment preferences.

Secured Loans

Secured loans require collateral for approval. Although most personal loans are unsecured, some lenders offer secured loans as well.
Read More

Unsecured Loans

Unsecured loans do not require collateral. Depending on the lender, you may not need good credit.
Read More

Fixed-Rate Loans

A fixed interest rate does not change, which means that every monthly payment will be the same from start to finish.
Read More

Variable-Rate Loans

A variable rate can change on a monthly, quarterly or annual basis depending on the index. These rates are risky but can start lower.
Read More

Debt Consolidation

An installment loan that can help a borrower consolidate high-interest debt, making it easier to pay off credit card debt.
Read More
Ready to find your loan?
It only takes a few minutes to check your rate without affecting your credit score.
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Simple Process

How To Apply for a Personal Loan

Applying for a personal loan doesn't have to be daunting. Follow these straightforward steps to navigate the application process with ease.
1

Research Potential Lenders

It's critical to compare various lenders, including banks, credit unions, and online lenders, to find the best rates and terms. Read customer reviews for insight.
2

Gather Documentation

Prepare necessary documents: Proof of Identity, Proof of Income, Proof of Residence, and References. Online lenders may require less.
3

Review the Loan Offer

If you qualify, you will receive a loan offer. Carefully review the interest rate, APR, repayment length, and fees before signing.
4

Accept & Receive Funds

Sign the loan agreement. Depending on the lender, funds can be deposited into your bank account as quickly as the same day.
5

Set Up Repayment Plan

Make sure you avoid late payments. Consider setting up automatic payments to ensure you never miss a due date.
FAQ'S

Frequently Asked Questions

Everything you need to know about our loans.

Generally, unsecured loans are offered up to $5,000. However, your resident state will affect both the minimum and maximum loan amounts offered, in addition to whether your loan will be directly made by CreditNinja or arranged by one of our FDIC-insured banks or other non-affiliated lenders.

An installment loan is a loan where you borrow a lump sum of money up front and pay it back in fixed amounts over a set period of time. Installment loans are fully amortizing, meaning you pay off all principal and interest by the maturity date if you pay as scheduled in your loan agreement.

Applications approved before 10:30 a.m. CT Monday – Friday are generally funded the same business day.* Applications approved after this time are generally funded the next business day. Some applications may require additional verification.

Checking your rate uses a soft credit inquiry, which does not affect your credit score. A hard inquiry only happens if you choose to accept and finalize a loan offer.

Yes. CreditNinja looks at more than just your credit score. Applicants with less-than-perfect credit are welcome to apply, and eligibility depends on factors like your income and ability to repay.

No. We believe in full transparency. All rates, terms, and any applicable fees are clearly disclosed in your loan agreement before you sign, so there are no surprises.

Still have questions? Our team is here to help.
Our customer service team is available between 8 a.m. and 6 p.m. CT, to help answer any questions.

Call Us: 1-855-NINJA-01

Quick and easy Personal Loans up to $5,000*

Don’t let unplanned expenses ruin your budget. Apply today and get back on track.
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