Find the monthly payment and total interest on any fixed-rate loan — personal, auto, or student.
Loan details
$
%
years
Payment summary
Monthly payment
$0
Total interest paid
$0
Number of payments0
Total amount repaid$0
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What rate should I expect?
Loan rates vary widely by type and credit profile. As of mid-2026, average rates run roughly 12% for personal loans, 7.6–7.8% for auto loans (60–72 months), and considerably higher for borrowers with below-average credit on any loan type. Your quoted rate depends on your credit score, debt-to-income ratio, and the lender — always compare at least three offers before signing.
Common questions
Why does a shorter term save so much interest?
Interest accrues on the remaining balance each month. A shorter term repays principal faster, so less balance is left to accrue interest over time — even at the identical rate, a 3-year loan can cost thousands less in total interest than a 5-year loan of the same amount.
Fixed rate vs. variable rate — what's the difference?
A fixed rate stays the same for the life of the loan, so this calculator's numbers won't change. A variable rate moves with a benchmark index, meaning your actual payment could rise or fall — this calculator assumes a fixed rate throughout.
Will paying extra each month help?
Yes — any extra payment applied to principal (confirm with your lender that it isn't applied to future payments instead) shortens the loan and cuts total interest. Try lowering the term field here to see the effect of an accelerated payoff.