PLAN YOUR MONTHLY PAYMENT
Personal loan calculator
Estimate your monthly payment on a Discover Financial personal loan from $2,000 to $25,000. No sign-up or credit check required.
Set your loan details
Type an amount and rate, or drag the sliders.
Drag the slider or type an exact amount.
Adjust for planning only — this is not a rate offer.
ESTIMATED MONTHLY PAYMENT
10% fixed APR · 36 monthly payments
- Loan amount
- $2,000.00
- Estimated total interest
- $323.24
- Total of payments
- $2,323.24
A shorter term raises the monthly payment but lowers the total interest you pay. Try 24 vs. 60 months to see the trade-off.
An estimate, not an offer. Actual rates, fees, approval and terms may differ and are subject to credit approval and eligibility.
UNDERSTAND THE NUMBERS
What goes into
your estimate.
How the estimate works
We calculate equal monthly payments using a fixed annual rate, no fees and monthly compounding. The APR you enter is treated as the interest rate for this no-fee example.
Look beyond the monthly number
A longer term lowers each payment but increases the total interest. Compare two terms with the same amount and rate to see the real cost of borrowing longer.
Costs not included
Origination charges, late fees, insurance and other costs are not included. Rounding, payment dates and fees can change your actual repayment schedule.