Atlas

Personal Loan Payoff Calculator

Fixed monthly payment, months to payoff, and total interest by term.

Balance

$

APR

%

$10,000 at 15% APR

Term / paymentTime to payoffTotal interest
24-month loan payment: $485/mo2 years$1,636
36-month loan payment: $347/mo3 years$2,476
48-month loan payment: $278/mo4 years 1 month$3,364
60-month loan payment: $238/mo5 years$4,271
$378/mo (+$100 extra)2 years 9 months$2,218
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This personal loan payoff calculator shows the fixed monthly payment, months to payoff, and total interest for a given balance, APR, and term, typically a fixed 2-to-5-year schedule. Personal loan rates vary widely by credit score and are usually unsecured, so enter your own numbers to see exactly what your loan costs. If this loan is one of several debts you’re paying down together, use the free debt snowball calculator to order them by balance.

FAQ

How does this personal loan payoff calculator work?

Enter your balance and APR to see the fixed monthly payment, months to payoff, and total interest at each standard term, plus what an extra $100 a month toward principal saves. Personal loans use simple monthly interest calculated on the remaining balance.

Why is my personal loan APR different from someone else’s?

Personal loans are typically unsecured, so the rate is driven almost entirely by credit score and history at approval. That’s why the same loan amount can carry rates from single digits to over 20% depending on the borrower.

Should I pay off a personal loan before other debt?

It depends on balance size relative to your other debts. The debt snowball method pays minimums on everything and directs extra money at whichever balance is smallest, a personal loan included, regardless of its rate.

Other debt types: credit card payoff calculator, car loan payoff calculator, student loan payoff calculator.

Atlas tracks your real balance and recomputes your payoff date as you pay it down.

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Atlas provides educational tools and estimates, not financial, legal, or tax advice. Projections depend on the numbers you enter. Consider a nonprofit credit counselor (nfcc.org) for personalized help.