Compare Rates With Our Loan Calculator

By Upstart Content Team | Updated August 19, 2014
reading time 2 min read
Tablet with graphs - Upstart Personal Loans

Borrowing money has a reputation for being complicated, expensive and intimidating. We want to change that.

This reputation largely stems from the clunky tools and difficult to understand terms used to explain even the basics of a personal loan. Our users often ask us about comparing monthly payments, terms, and how increasing their loan payments will help pay down their loan faster. So rather than sending them to an arcane amortization table or a spreadsheet macro, we decided to make something better.

Today, we are excited to launch our loan calculator, a refreshingly simple way to help you understand and compare loan rates. Our loan calculator tool offers you a quick and easy way to calculate monthly payments by adjusting loan amount, interest rate, fees, and terms. It can also calculate how making additional monthly payments will help save you time and money.

How To Use Our Calculator

Whether you have an existing loan, credit card debt, need a loan, or you’re just curious, we built our calculator to help provide insight and context. Regardless of whether you have a loan on Upstart, here are some questions that our calculator can help you answer:

  • What is the maximum loan amount I can afford?
  • How do I compare my existing loan to others?
  • How can I pay off my loan early?
  • If I increase my monthly payments how much money will I save in interest?
  • How much interest will I pay on my loan?
  • How does an origination fee affect my APR?

Each calculation generates a unique URL, making it easy to bookmark, share, and revisit.

Not all loans are created equal. Compare rates.

The key to managing your debt is paying attention to the details. We hope that this loan calculator provides transparency around how your monthly payments are calculated and empowers you to shop around or refinance existing debt to get the rate you deserve.

This content is general in nature and is provided for informational purposes only. Upstart is not a financial advisor and does not offer financial planning services. This content may contain references to products and services offered through Upstart’s credit marketplace.

About the Author

Upstart Content Team

The Upstart Content Team shares industry insights, practical tips, and borrower success stories to help people better understand the important “money moments” of their lives.

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Check your rate lock Won't affect your credit score¹

1. When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information may be reported to the credit bureaus.