Personal Loan Payoff Calculator

Personal loans are unsecured loans used for debt consolidation, home improvements, or large purchases. Rates vary widely based on credit score. If you used a personal loan to consolidate credit card debt, focus on paying it off before taking on new debt.

Avg Balance: $12,000Typical Rates: 6-36% APRAvg Min Payment: $250/mo

Enter Your Debts

$0$500$1,000$1,500$2,000

Tips for Paying Off Personal Loan

  1. 1

    Never miss a payment - personal loans impact your credit score heavily

  2. 2

    If your credit score has improved, look into refinancing for a lower rate

  3. 3

    Make extra payments toward principal whenever possible

  4. 4

    Avoid taking out new debt while paying off a consolidation loan

  5. 5

    Set up autopay for a potential interest rate discount (many lenders offer 0.25% off)

Other Debt Payoff Calculators

Credit Card Debt

15-28% APR

Student Loan Debt

4-8% (federal), 3-15% (private)

Car Loan

4-10% APR

Medical Debt

0% (payment plans) to 10%+ (if sent to collections)

Mortgage

5.5-7.5% (2025-2026 rates)

Payday Loan

300-500% effective APR

Buy Now Pay Later (BNPL)

0% (on-time) to 25-30% (late/deferred)

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