Personal loan calculator

Explore example loan payments based on different loan sizes and repayment length. Our loan calculator can give you an idea for what to expect with a personal loan.

Loan payments calculator

What could a personal loan look like?

Get started by sharing some information

Get prequalified in minutes without affecting your credit score

Here’s what you might expect

Apply once and get two great options

Get started by sharing some information

Start your loan application

A+ rating by the Better Business Bureau (BBB)

#1 savings app of 2024 by Bankrate

CDFI: Certified by U.S. Department of the Treasury

Want to build your credit?

A personal loan is a great way to improve your credit score if you make on-time, complete payments. Use the loan calculator to see how the payments can fit your budget.

Affordable payments

That fit your budge

No prepayment penalties

Pay less if you pay off early

Help build credit

With regular, on-time payments

Apply now Learn more

How to use Oportun’s personal loan calculator

1

Select your state

Check loan availability and car ownership for better terms.

2

Estimate your credit score

Choose your score or “unknown” if unsure.

3

View loan terms

Adjust amount or period to see how the payment size changes.

The personal loan calculator helps you plan for purchases such as:

Home improvements

Go ahead, paint those walls or replace that sink. With a personal loan, you don’t have to wait to spruce up your space.

Car repairs

Not everyone has the luxury of being financially prepared for car repairs, but you can get a personal loan quickly if you aren’t.

Weddings

Planning your big day should make you smile. Using a personal loan for a wedding is a great way to make paying for your wedding a breeze.

Vacations

Make your dreams of getting away a reality. Use a personal loan to book those plane tickets now and pay them off later.

Medical expenses

When it comes to health, money is the last thing you want to think about. Let Oportun help you cover medical costs with a personal loan, so you can focus on what matters.

Debt consolidation

With a personal loan, you can pay off multiple debts like credit cards and payday loans, then chip away at one bill instead of multiple.

That sums it up

Still have questions? Here are a few we’ve answered before.

Do all loan calculators work the same?

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 not ask for your credit score at all. Additionally, a lender may want to know what state you live in to ensure their loans are available or before calculating the interest rate. You might even be able to toggle between fixed and variable interest rates.

How can a personal loan calculator help you manage your finances?

Before applying, a personal loan calculator can give people a realistic idea of the payment size and payment schedule associated with borrowing from a lender. When you know how much money you would need to pay back, you can better determine if you can afford the payments and if a personal loan is right for your needs. If you can make your payments in full and on time, you can stay in control of your finances and build your credit score.

How does the length of the loan impact the cost of a loan?

A loan with a set principal amount and interest rate will cost more in total with a longer repayment period than if it had a shorter one. However, the longer term will have lower payment sizes which could make the longer term more affordable.

Our personal loan calculator shows how payment sizes change with different repayment periods. With no prepayment penalties, you could choose a longer period and enjoy smaller payments. Pay off early to save in total interest.