Apply for a personal loan today
Looking for a personal loan? You’re probably wondering how much money you can get, how much it will cost you, and how long you’ll have to pay it back. Get an idea of what your offer might look like with just a few simple clicks.
No higher than 35.99%
Pay less if you pay off early
With regular, on-time payments
We just need a little info about you. First, select the state you live in. Depending on where you live, we might ask if you own your car (if you do, you might qualify for a larger loan). Finally, give us your best estimate of your credit score and you’re good to go.
We’ll show you what your personal loan offer might look like, from potential APR range to how much your payments might be. Adjust the length of the loan and the loan amount in the loan calculator to see more options.
Keep in mind, what the loan calculator shows you might be different from your offer when you apply. Make sure to review your loan agreement in detail.
There can be many benefits to taking out a personal loan. They can be used to pay for many things, from car and home repairs to your next vacation. They can even be used to consolidate debt. And, with a lender who reports your payment activity to the credit bureaus, making your payments on time can help give your credit score a boost.
If you’re looking for extra funds and can afford the regular payments, a personal loan might be just the thing you need.
Still have questions? Here are a few we’ve answered before.
No, not all loan calculators are built the same.
Many loan calculators ask for basic information, such as the amount of money you’d like to borrow, your preferred term length, and your credit score. Some lenders might ask you about your credit score in terms of ranges, and others might not ask for your credit score at all. Additionally, a lender might want to know what state you live in before calculating the interest rate, while others allow you to choose a preferred interest rate. You might even be able to choose between fixed and variable interest rates, too.
Where other loan calculators may not include APRs and other fees associated with the full cost of the loan, Oportun’s loan calculator acknowledges the entire cost to the borrower.
Personal loan calculators give borrowers a realistic idea of the monthly costs associated with borrowing from a lender. When you know how much money you would need to pay, you can better decide if a personal loan is right for them. If your loan payments are affordable, you can stay in control of your finances and better maintain your credit score.
The length of the loan impacts the interest in a couple of ways.
On one hand, interest rates could be lower if you secure a longer repayment term. But a longer repayment terms could actually cost you more in interest over time.
On the other hand, shorter-term loans could have higher monthly payments, but they could save you money in interest in the long run.
In either case, using a personal loan calculator should provide you some insight on the total, as well as the monthly costs, helping you understand how much you can afford to pay and over what time period. When deciding between a shorter or longer term, the most important consideration is what fits in your budget.