Personal Loan Calculator | Upstart
Learn more about the cost of a loan by calculating the monthly payment amount and total interest cost.
The Upstart Personal Loan Calculator takes 3 inputs to determine the cost of a loan: the amount you wish to borrow (i.e., the principal), the APR (which includes the interest rate and any other fees, including origination fees), and the length of the loan. Using these factors that are generally provided when applying for a loan, we calculate the expected monthly payment and total interest cost you would pay over the life of the loan (assuming no prepayments or other exceptions). The Upstart Personal Loan Calculator is for informational purposes only. The results generated from the calculator do not constitute an offer from Upstart.
Refinance with Online Loans
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 will be reported to the credit bureaus.
2 To evaluate savings on a loan you are considering, it is important to compare your actual APR from your existing debt to the APR offered on the Upstart Platform. Personal Loans: The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 24.83% and 60 monthly payments of $26.36 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $15,817 including a $594 origination fee. APR is calculated based on 5-year rates offered in the last 1 month. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.