Personal Loan Payments Calculator

There are many types of loans out there, and it can be difficult to compare them when trying to find the right one for you. Things like interest rate, additional fees, repayment period and more should all be considered when searching for your loan. 

Luckily, CreditNinja’s Personal Loan Calculator can help you make the right choice when it comes to taking out a loan.

How to Use Our Personal Loan Payments Calculator

We’ve designed this easy-to-use loan calculator to help you calculate all of the costs associated with different personal loans. 

Follow these simple steps to input all of your specific information:

  1. Slide to the amount you wish to borrow into the “How much do you want to borrow?” field.
  2. Specify the desired length of the loan repayment term in the “For how long?” field.
  3. Select the Annual Percentage Rate from one of the five color coded buttons.
  4. Review how toggling various term and loan amounts alter your total loan amount.

Once your loan payments are calculated, it’s time to research your loan options by clicking the “Apply Now” button.

Personal Loan Payment Calculator

How much do you want to borrow?
Common Loan of 12 Months
Annual Percentage Rate:
Loan amount
Loan Term
Interest to pay
Total to pay

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:

  • 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

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. 

If you have any other questions or concerns about personal loans, repayment, or interest rates, reach out to our customer care team.

Simple application, money by tomorrow, no hassle.

¹Not all loan requests are approved. Approval and loan terms vary based on credit determination and state law. 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, in which case, the loan if approved, will be funded the business day after such additional verification is completed.