How to Use Personal Loan Calculator?

This tool helps you calculate your monthly loan payments, total interest, and complete payment schedule in seconds. Simply enter your loan details to get instant results.

Benefits of Using This Tool:

• Calculate exact monthly payments in US Dollars ($)
• Visual pie chart shows principal vs interest breakdown
• Complete month-by-month payment schedule
• Interactive sliders for easy adjustments
• Mobile-friendly design works on all devices
• No registration or personal data required

Step-by-Step Guide:

1. Enter Loan Amount - Type your desired amount ($100-$100,000) or use the slider
2. Set Interest Rate - Input annual rate (5%-30%) or adjust with slider
3. Choose Loan Term - Select repayment period (6-84 months)
4. View Results - Instantly see monthly payment, total cost, and full schedule

Pro Tip: Use the sliders to compare different scenarios - lower amounts with shorter terms usually save the most interest.