Compare lenders by payments, fees, and payoff time. See interest totals, net proceeds, total repayment. Pick a smarter loan option for your budget today.
| Loan | Amount | APR | Term | Origination Fee | Monthly Fee | Extra Payment |
|---|---|---|---|---|---|---|
| Loan A | $10,000.00 | 9.50% | 36 months | 1.50% | $0.00 | $0.00 |
| Loan B | $10,000.00 | 8.20% | 48 months | 3.00% | $4.00 | $0.00 |
| Loan C | $10,000.00 | 10.10% | 24 months | 0.00% | $0.00 | $25.00 |
Monthly payment: Payment = P × r ÷ (1 − (1 + r)−n)
P is the loan amount. r is the monthly interest rate. n is the number of months.
Monthly rate: APR ÷ 12 ÷ 100
Net proceeds: Loan amount − origination fee
Total repayment: Sum of all monthly payments and fees + origination fee
Total borrowing cost: Total interest + origination fee + monthly fees
Cost per 1000 borrowed: Total borrowing cost ÷ loan amount × 1000
Payment to income ratio: Monthly outflow ÷ monthly income × 100
A personal loan comparison calculator helps you review more than a headline rate. One lender may advertise a low payment. Another may charge lower fees. A third may finish faster with extra payments. This page puts each option in one place. You can compare monthly cost, total interest, origination charges, monthly fees, and payoff time. That gives a clearer borrowing picture before you apply.
The calculator focuses on fixed rate installment loans. It estimates the scheduled payment from the loan amount, annual rate, and term. It then adds optional monthly fees and extra payments. From there, it builds an amortization schedule for every option. You can see how much of each payment goes to principal and interest. You can also review net proceeds after fees. That matters when two offers provide the same amount on paper.
Many borrowers compare loans by monthly payment only. That can hide the true cost. A longer term may feel easier each month, yet cost far more overall. Fees can also change the value of an offer. A loan with a modest payment may still deliver less cash because of origination deductions. By comparing total repayment and total borrowing cost, you can weigh convenience against long term expense.
Use the comparison results to match a loan with your cash flow. Check the lowest payment if your budget is tight. Check the fastest payoff if you want less interest. Review the cost per thousand borrowed for a simple benchmark. If you enter monthly income, you can also see payment pressure. Small differences in rate or fees can create large differences over time. That is why side by side review matters.
Use this tool before accepting any offer, refinancing unsecured debt, or consolidating balances. Test different terms. Increase extra payment amounts. Compare lenders that charge upfront fees against those that do not. The best loan is not always the one with the lowest advertised rate. It is the offer that gives the payment, cost, and payoff pattern that fits your goals with less financial guesswork overall.
Yes. A lower monthly payment can still cost more overall when the term is longer or the fees are higher. Always compare total repayment and total borrowing cost, not payment alone.
Origination fees reduce the cash you actually receive. They do not usually reduce the loan balance used for payment calculations. That is why net proceeds matter during comparison.
Extra monthly payments usually reduce payoff time and total interest. They may not change the scheduled payment, but they can shorten the amortization schedule significantly.
This calculator estimates fixed rate installment loans with regular monthly payments. It is best for comparing similar personal loan offers, not revolving credit cards or variable rate products.
APR shows the annual borrowing rate, while total borrowing cost includes interest plus fees. Two loans with close APR values can still produce different real costs.
You can still compare loans without income data. Income simply adds a payment pressure ratio, which helps you judge affordability against your monthly cash flow.
A zero fee loan may still be more expensive if its rate is meaningfully higher. The calculator helps show whether lower fees outweigh a higher interest rate.
The best loan depends on your goal. Choose the lowest payment for flexibility, the lowest total cost for savings, or the fastest payoff for quicker debt reduction.
Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.