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

Payments in personal-loan territory: any amount to $35,000, any APR, any term from 3 to 24 months.

Personal loans run from $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. Change the term to 24 months and the payment falls; the total interest rises. That trade is the entire decision.

Credit tier drives the APR you will be offered. Prime files see single digits to the low twenties; subprime files see double and triple digits. Below roughly 580, online lenders cluster near the top of the calculator’s range, which makes the cheaper routes worth 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 the proceeds. The calculator prices the principal you enter; if your offer deducts a fee, the amount that lands in your account is smaller than the amount you repay interest on.

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

Monthly payment

Total of payments

Total interest

A credit union should be priced first: payday alternative loans cap at 28% APR. See the alternatives ranking.

When the monthly payment clears your budget with room to spare, the request form prices real offers with no fee to apply. For amounts near the ceiling, the $2,000 guide covers the jump in detail.

Frequently asked questions

How much can I borrow with a personal loan?

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

What credit score do I need for a personal loan?

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

How do lenders price personal loans?

Base pricing follows credit tier, then adjusts for income, term, and amount. Origination fees are common and effectively raise the APR you pay; 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 you hold it, while a 15% payday fee equals $150 per $1,000 for two weeks. The trade-off is a credit review and months of commitment.

Reviewed by Marcus Bell, Reviewer, credit counseling background. Every fee, cap, and formula on this page was checked against the published state rules.

Last reviewed: 2026-09-26