Personal Loan Calculator: Payments up to $35,000

Personal-loan territory: any amount to $35,000, any APR, terms from 3 to 24 months.

Personal loans run $1,000 to $35,000 online, priced in APR and repaid monthly, and this calculator prices that range. The defaults show a common mid-file case: $10,000 at 36% APR over 12 months, about $1,004.62 a month and $2,055.45 in total interest. Stretch the term to 24 months and the payment drops while the interest climbs. That trade is the whole decision.

Credit tier sets the APR you will be offered. Prime files see single digits to the low twenties; subprime files see double and triple digits. Below roughly 580, online offers cluster near the top of the calculator’s range, which makes the cheaper tiers worth pricing first: a credit union Payday Alternative Loan caps at 28% APR, and a loan secured against savings prices lower still.

One structural note: many personal loans carry origination fees of 1% to 10%, deducted from the proceeds. The calculator prices the principal you enter; if your offer deducts a fee, the money that reaches your account is smaller than the amount you repay interest on.

Personal loan amount ($1,000-$35,000) APR % (5-225) Term in months (3-24)

Monthly payment

Total of payments

Total interest

A credit union deserves the first look: Payday Alternative Loans cap at 28% APR. See the alternatives ranking.

If the payment clears your budget with room left, the request form prices real offers at no fee. Near the ceiling, the $2,000 guide covers the jump in detail.

Frequently asked questions

How much can I borrow with a personal loan?

The online market commonly spans $1,000 to $35,000, with strong files reaching higher. Pricing follows income, credit tier and debt-to-income ratio.

What credit score do I need?

No fixed floor exists: subprime files qualify at higher APRs, prime files near single digits. Below roughly 580, expect triple-digit offers and close attention to income stability.

How do lenders set the rate?

A credit-tier base rate adjusts for income, amount and term. Origination fees are common and quietly raise the true APR, so read the disclosure line by line.

Is a personal loan cheaper than a payday loan?

Almost always per dollar: a 36% APR personal loan costs about $2.94 per $1,000 per month held, while a 15% payday fee equals $150 per $1,000 for two weeks. The trade is a credit review and months of commitment.

Reviewed by Ray Drummond, Reviewer, credit counseling background. Every fee, cap, and formula on this page was checked against the published state rules.

Last reviewed: 2026-10-06