A personal loan can be an excellent tool for consolidating credit card debt at a lower interest rate to save money. Or if you need to borrow money for a major expense, such as financing a wedding, a personal loan can be a cheaper alternative to charging a credit card.
Our Personal Loan Calculator below allows you to estimate your monthly payment, interest charges, and total cost of getting a personal loan.
If you’re looking to consolidate credit card or other debt with a personal loan, check out our Credit Card Consolidation Calculator. And if you think a personal loan is right for you, check out our personal loan options.
This calculator simply computes estimated monthly payments based on the balance, term, and interest rate you provide.
Please note that interest rates vary from lender to lender and depend on eligibility. Also, this calculator does not factor in any fees that may be included in your loan.
You can compare our personal loan lending options here.
No. This calculator simply estimates monthly payments and total interest paid.
For eligibility and approval, you’ll need to check with our lending partners directly. See the options below to get started.
| Lender | Rates (APR) | Loan Amount | |
|---|---|---|---|
| 1 Includes AutoPay discount. Important Disclosures for SoFi. 2 Important Disclosures for Citizens Bank. SoFi Disclosures1Terms and Conditions Apply: SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Finance Lender Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org) Citizens Bank Disclosures1Personal Loan Rate Disclosure: Variable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of July 1, 2017, the one-month LIBOR rate is 1.22%. Variable interest rates range from 6.01% - 15.96% (6.01% - 15.96% APR) and will fluctuate over the term of your loan with changes in the LIBOR rate, and will vary based on applicable terms and presence of a co-applicant. Fixed interest rates range from 5.99% - 16.24% (5.99% - 16.24% APR) based on applicable terms and presence of a co-applicant. Lowest rates shown are for eligible applicants, require a 3-year repayment term, and include our Loyalty and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. |
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 | 5.67% - 29.99% | $1,000 - $50,000 | Visit Upstart |
 | 5.17% - 14.24%1 | $5,000 - $100,000 | Visit SoFi |
 | 8.00% - 25.00% | $5,000 - $35,000 | Visit Payoff |
 | 5.99% - 16.24%2 | $5,000 - $50,000 | Visit Citizens |
 | 5.99% - 35.89% | $5,000 - $50,000 | Visit LendingClub |
 | 5.25% - 12.00% | $2,000 - $50,000 | Visit Earnest |
Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.
