Personal loan calculator

A personal loan calculator helps you estimate your monthly payment and the total cost of a loan before you apply.

With Upgrade's calculator, you enter your desired loan amount, interest rate, and loan term to see your estimated monthly payment, total interest paid, and total repayment amount — so you know exactly what to expect before you commit.

Using the loan calculator is simple.

1. Enter your desired loan amount. Upgrade offers personal loans between $1,000 and $50,000.
2. Choose an interest rate. Use the table below to estimate a rate based on your credit score.
3. Choose your loan term. Upgrade offers loan terms between 24 and 72 months.
4. Select Calculate to see your estimated monthly payment, total interest paid, and total repayment amount.

The example will show you the monthly payment, total interest, and total cost of the loan — so you can adjust the inputs and compare different scenarios before you apply.

You can use the table below to estimate your interest rate based on your credit score. Rates vary widely — borrowers with excellent credit may qualify for significantly lower rates, while those with fair or poor credit may see higher rates.

Average personal loan interest rates by credit score

Source: Credible. Average interest rate data is for Credible marketplace users from July 2025 through June 2026. Your rate depends on your credit score, income, loan amount, and loan term.

You can read more about the cost of credit here.

APR stands for Annual Percentage Rate.

It’s the total yearly cost of borrowing money. APR includes the interest rate on your loan and certain fees and charges. At Upgrade, we charge an origination fee which is factored into your APR.

A personal loan calculator provides an estimate of the total cost of a loan and estimated monthly payments based on your inputs. Upgrade’s calculator is designed to show how different terms and interest rates affect loan costs, so you can make more informed decisions before applying.

Once you’re ready to apply, just check your rate to see if you qualify for actual offers.

Yes, you can use this calculator to compare different loan terms as many times as you'd like by adjusting the loan amount, interest rate, and term then selecting Calculate.

If you’ve received an offer from another lender, you can also see how an offer through Upgrade might compare by entering the same (or similar) loan amount, terms, and interest rate, then selecting calculate. As a reminder, using the calculator does not guarantee an offer. You’ll need to check your rate to see if you qualify for actual offers.

To estimate your monthly payment, you need three things: the amount you want to borrow, the interest rate you expect to qualify for, and the loan term in months. Your interest rate is one component of your APR (Annual Percentage Rate) — which also includes any applicable fees like an origination fee, making it the more accurate measure of your total borrowing cost.

The easiest way to get an accurate estimate is to use the calculator above — just enter your loan details and it does the math for you instantly.

Your interest rate directly determines how much you pay each month — the higher your rate, the higher your monthly payment and the more you'll pay over the life of the loan. Your APR (Annual Percentage Rate) goes further by incorporating any applicable fees, making it the more accurate measure of your total borrowing cost and the better number to compare across lenders.

Even a small difference in interest rate can have a meaningful impact on your total repayment amount, which is why comparing rates before you apply can help you find the most affordable personal loan.

A personal loan calculator is a free tool that lets you estimate your monthly payment based on a loan amount, interest rate, and term you enter — no personal information required and no impact to your credit score. Applying for a loan involves a formal process where Upgrade reviews your credit profile, income, and financial history to determine the actual rate and terms you qualify for.

Think of the calculator as a planning tool to help you explore your options before you decide to apply. Once you're ready to apply, you can get started by checking your rate.