Installment loan monthly payment calculator
Find out if you can afford to take out that short-term loan.
When your credit prevents you from qualifying for a traditional personal loan, an installment loan might be your only option when you need money fast. But with APRs in the triple digits, it can mean paying back double or even triple what you borrowed.
Before taking out an installment loan, use our calculator to ensure you can afford the monthly repayments. If not, you might want to continue comparing lenders to find one that better fits your budget.
Installment loan repayment calculatorSee how much you'll pay
|Loan terms (in years)|
Fill out the form and click on “Calculate” to see your estimated monthly payment.
orCompare installment loans
Based on your loan terms
How to use this installment loan calculator
- Type in how much you want to borrow under Loan amount.
- Enter your loan term in years (not months) under the Loan terms field.
- Enter the loan’s interest rate if it doesn’t come with any fees under Interest rate. If your loan does come with fees, enter the annual percentage rate (APR), which includes interest and fees combined.
- Click Calculate.
- Review your results.
Not only will our calculator show you how much you’ll pay each month, but also how much you’ll pay in interest over your entire loan term.
Compare installment loans
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
When you’re in a tight spot and need money fast, knowing how much you’ll pay both monthly and overall is crucial when picking an installment loan you can afford. You can learn more about how to compare lenders with our guide to installment loans.
Or check our best picks for installment loans if you’re ready to compare your best options.
Frequently asked questions
More guides on Finder
Loans like Elastic
Save money with these 6 alternatives to Elastic.
Alternatives to Zocaloans
Save money with these 6 cheaper alternatives to Zocaloans.
LoanCenter auto title loans review
Just make sure you live in one of these six states to qualify.
Compare your payday loan options in Nashville, Tennessee
Here’s what you need to know about Nashville, Tennessee payday loans. Are they legal? Compare online lenders who offer fast loans.
Compare your loan options in Phoenix, Arizona
Here’s what you need to know about Phoenix, Arizona payday loans. Are they legal? Compare online lenders who offer fast loans.
Compare your loan options in Augusta, Georgia
Here’s what you need to know about Augusta, Georgia payday loans. Are they legal? Compare online lenders who offer fast loans.
Compare your loan options in Dover, Delaware
Here’s what you need to know about Dover, Delaware payday loans. Are they legal? Compare online lenders who offer fast loans.
Short-term loans in Decatur, Alabama
Learn the rules and regulations of payday loans in this Southern town.
Spotloan installment loan review
You can take out an installment loan from Spotloan and pay it back over time. Up to $800 is available and you can apply in minutes. See if you’re eligible.
Speedy Cash review
If you have bad credit and need cash fast, consider Speedy Cash for your next payday or installment loan.
Ask an Expert