Example 1
- Amount: 50,000
- Rate: 12%
- Term: 5 years
Payment 1,112.22
Total 66,733.34
Interest 16,733.34
A typical market-rate personal loan - interest ends up around a third of the principal.
Loan payment calculator
Type the amount, the yearly rate, and the years. The calculator computes a fixed payment, an annuity. At 50,000, 12%, and 5 years the payment is 1,112.22, the total is 66,733.34, and interest is 16,733.34.
Fixed-rate annuity payment. Extras and fees sit under Additional options. Full table: amortization schedule. A sketch, not a credit decision.
Result
Loan amount, Annual interest rate (%), Term (years) and Payment frequency. The result shows up here.
How results are calculated
The loan installment calculator builds a fixed payment, an annuity, from three numbers: amount, annual rate, and term in years. At 50,000, 12%, and 5 years with monthly payments, the installment is 1,112.22. Sixty payments total 66,733.34, and interest is 16,733.34. At 20,000, 9.5%, and 3 years the payment drops to 640.66, the total to 23,063.72, and interest to 3,063.72. A shorter term and a lower rate cut interest harder than a smaller principal alone.
People open this calculator when they want a cash-loan payment before they compare offers. You type your own numbers. The calculator does not fetch a rate sheet and does not know your capacity. Splitting 50,000 into 60 parts with no interest gives 833.33 and lives on a sibling page. Here 12% over 5 years lifts the same amount to 1,112.22, because each payment carries interest and principal.
Required fields are Loan amount, Annual interest rate (%), and Term (years). Under Additional options, Payment frequency can be Monthly, Every 2 weeks, or Weekly. Recurring extra payment and One-time lump sum go to principal above the contractual installment. Origination / upfront fee and Monthly fee enter the all-in cost, not the annuity payment itself. First payment date only sets a payoff date when you need one.
At 40,000, 11%, and 5 years the base interest is about 12,182. An extra 150 a month, an 800 origination fee, and a 10 monthly fee bring interest near 9,800 and all-in near 51,200. The contractual payment stays the same until the term shortens. The month-by-month table lives on the amortization schedule.
The header currency only labels the amounts. A comma and a period in 9.5 mean the same rate. The calculator waits for amount, rate, and term. A typed zero gives a zero payment. Refreshing the page clears the fields.
This is a fixed-rate sketch, not a credit decision and not a statutory APR, the annual percentage rate. Type 50,000, 12, and 5, click Calculate, and check 1,112.22. Then try 20,000, 9.5, and 3 to see 640.66.
How to use
- Type Loan amount, for example 50,000, Annual interest rate (%), for example 12, and Term (years), for example 5.
- Leave Payment frequency on Monthly, or pick Every 2 weeks or Weekly under Additional options.
- Optionally add a Recurring extra payment, a One-time lump sum on a chosen payment number, an Origination / upfront fee, or a Monthly fee.
- Click Calculate. At 50,000, 12%, and 5 years the payment is 1,112.22, the total 66,733.34, interest 16,733.34.
- For the full table, open the amortization schedule. An income-based cap lives on borrowing capacity.
Annuity payment on a cash loan
A fixed payment from amount, rate, and years. At 50000, 12%, and 5 years the payment is 1112.22, the total is 66733.34, and interest is 16733.34.
- annuity
- Equal principal-plus-interest payment. 50000 at 12% for 5 years is 1112.22. 20000 at 9.5% for 3 years is 640.66.
- all-in
- Schedule total plus origination and monthly fee. On 40000, 11%, +150/mo, 800 origination and 10/mo, all-in is about 51200.
- extra
- An optional overpayment, not an APR formula. +150 a month in example 3 shortens the term by about 11 payments versus the base.
Usage examples
Example 2
- Amount: 20,000
- Rate: 9.5%
- Term: 3 years
Payment 640.66
Total 23,063.72
Interest 3,063.72
A shorter term and lower rate keep total interest low.
Example 3
- Amount: 40,000
- 11%, 5 years, start Jan 1, 2026
- Extra +150/mo., origination 800, fee 10/mo.
Interest ≈ 9,800 (vs ≈ 12,182 base)
All-in ≈ 51,200
Extras shorten the term by about 11 payments; fees raise all-in beyond schedule payments alone.
Example 4
- 20,000
- 9%
- 3 years
Payment 635.99
What is the payment on 20,000 at 9% over 3 years? Payment 635.99.
Example 5
- 8,000
- 14%
- 2 years
Payment 384.10
What is the payment on 8,000 at 14% over 2 years? Payment 384.10.
Equal instalment, declining instalment, and simple split - different jobs
- Loan instalment - equal instalment with interest (annuity style): each payment contains both interest and principal, but the instalment amount stays constant.
- Declining instalment - early instalments are higher, later ones lower; you repay principal faster, often reducing total interest, but you need more cash up front.
- Equal split (no interest) - simple division of the amount into equal parts without interest; this is not a real loan instalment.
If you need an actual loan instalment with interest, use this calculator (or the mortgage instalment calculator), not the simple equal split tool.
Related calculators
FAQ
What is the payment on 50,000 at 12% for 5 years?
1,112.22 with monthly payments. Total 66,733.34, interest 16,733.34. That is an annuity, an equal installment with interest.
What do I get from 20,000 at 9.5% for 3 years?
Payment 640.66, total 23,063.72, interest 3,063.72. A shorter term cuts interest harder than a smaller principal alone.
How is 1,112.22 different from 833.33?
833.33 is 50,000 split into 60 parts with no interest, on the equal-split page. 1,112.22 is the same amount at 12% for 5 years.
Does an extra 150 reduce the 1,112.22 payment?
No. The 150 goes to principal above the installment. The annuity payment stays, and the result is a shorter term and less interest.
What goes into all-in cost?
Schedule payments plus Origination / upfront fee plus Monthly fee times the number of months. The payment itself still comes from amount, rate, and term.
Is this APR, the annual percentage rate?
No. You see payment, interest, and all-in. Simplified APR is a sibling page, and that is a sketch too, not a statutory disclosure.
How often can I pay?
Payment frequency: Monthly, Every 2 weeks, or Weekly. The on-page examples are monthly unless you change the list.
Does a comma in 9.5 work?
Yes. 9,5 and 9.5 are the same rate. Header currency only labels the result.
Where is the full payment table?
On the amortization schedule. Here you see payment, total, interest, fees, and time saved when you add extras.
Is 1,112.22 a credit decision?
No. It is a fixed-rate sketch from the numbers you type. An offer and a score are computed elsewhere.
Knowledge sources
The annuity payment uses the fixed rate you type. This is a sketch, not a credit decision.
Page updated in 2026.