Personal Loan Calculator: Payments from $1,000 to $35,000

Personal-loan territory: any amount to $35,000, any APR, any term 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 prime-adjacent case: $10,000 at 36% APR over 12 months, which is $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 drives the APR you will see. Prime files draw single digits to the low twenties; subprime files draw double and triple digits. Below roughly 580, online offers cluster near the top of the range, which is exactly why the cheaper routes deserve pricing first: a credit union payday alternative loan caps at 28% APR, and a secured loan against savings prices lower still.

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

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

Monthly payment

Total of payments

Interest paid

Price a credit union first: payday alternative loans cap at 28% APR. See the alternatives ranking.

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

Common questions

How much can a personal loan cover?

The online market commonly runs $1,000 to $35,000, with some lenders going higher for strong credit. Approval and pricing follow income, credit profile, and debt-to-income ratio.

What credit score does a personal loan need?

There is no fixed floor: subprime files are approved at higher APRs, prime files near single digits. Below roughly 580, expect triple-digit offers from online lenders and close attention to income stability.

How do lenders set personal loan pricing?

Base pricing follows your credit tier, then adjusts for income, term, and amount. Origination fees are common and effectively raise the APR you pay, so read the disclosure line by line before accepting.

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 borrowed 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.

Gerald Pratt, Reviewer, former credit counselor, checked every fee, cap, and formula on this page against the published state rules.

Review date: 2026-10-05