Personal Loan Calculator
Considering a personal installment loan? It can be helpful to see what you might pay each money. Our personal loan calculator allows you to calculate potential payment options for a personal loan so you can see how it might fit into your budget.
| Loan Term | Monthly Payment |
|---|---|
| 12 Months | $ |
| 18 Months | $ |
| 24 Months | $ |
| 36 Months | $ |
Select your desired loan amount: This is the principal amount you wish to borrow. Courtesy Finance offers personal installment loans ranging from $500 to $20,000. Higher loan amounts are generally available to borrowers with stronger credit profiles and higher incomes.
Adjust the APR: This is the annual percentage rate that represents the total cost of borrowing money for your loan. This rate is primarily determined by your credit profile and state lending regulations.
Once you input these variables, the calculator computes several possible monthly payment and term combinations:
Monthly Payment: The fixed amount you’ll be billed each month for the duration of the loan.
Repayment Term: The length of time over which you’ll repay the loan, typically measured in months or years.
Compare Different Loan Scenarios
One of the primary benefits is the ability to compare different loan terms. You can see how lowering your interest rate will also lower your monthly payment. Similarly, you can see how extending the loan’s repayment term lowers your monthly payment but increases the overall cost of borrowing
Budget for a Loan Payment
Our loan calculator can help you determine whether a loan payment fits into your current monthly budget.
Personal Installment Loans: Are they right for you?
Personal installment loans offer borrowers a lump sum of money that is repaid through regular, fixed payments over a predetermined period. These loans come with several advantages that make them attractive options for many situations.
Flexible Loans
Personal loans are remarkably flexible. They can be used for various purposes, including:
- Home improvements and renovations
- Credit card debt consolidation
- Medical bills and unexpected healthcare costs
- Wedding expenses
- Emergency funds for unplanned life events
Fixed Terms
Unlike credit cards with variable payments, personal installment loans come with:
- Fixed monthly payments for the duration of the loan term
- Predictable rates and fees that make it easier to budget
- A fixed loan term that helps avoid the prolonged debt repayment caused by credit card minimum payments.
Competitive Rates
For borrowers with good credit, personal installment loans offer competitive rates:
- Personal loans often have lower rates than credit cards.
- These fixed, competitive rates can make personal loans an attractive option for consolidating high-interest loans and credit cards.
Build Credit
Courtesy Finance reports to two major credit bureaus.
- Consistently making on-time payments on your personal loan can positively impact your credit score.
- May be beneficial for individuals looking to establish or improve their credit history.
Personal Loans from a Local Company
If you are ready to apply for a personal installment loan, Courtesy Finance has a fast, easy application process with the option to apply online, over the phone, or in-person at a local branch. Our personal approach means that you can always talk one-on-one to a real person at a local branch. Start your loan application now; if it’s approved by 2:00 pm, you could get money the same day!