Projected scenario
Personal loan
Break a personal loan into monthly payments.
FINORA · Personal loan
Monthly payment: $471.78
Total repayment: $28,306.85
Total interest: $3,306.85
Loan amount: $25,000.00
Loan term: 5 years
Annual loan interest rate: 5%
Extra monthly repayment: $0.00
Monthly budget including extras: $471.78
Months to repay: 60 months
Interest saved: $0.00
Fixed-rate monthly amortization. Extra payments reduce principal; taxes, insurance and early-repayment fees are excluded. The displayed monthly payment is the scheduled amount before extras.
01Your assumptions
Display currency only; no exchange-rate conversion.
Fine-tune your plan
Extra payments reduce principal each month. Assumes no prepayment penalty; the last payment may be smaller.
Your numbers stay in this browser.
Monthly payment
Balance over time
Fixed-rate monthly amortization. Extra payments reduce principal; taxes, insurance and early-repayment fees are excluded. The displayed monthly payment is the scheduled amount before extras.
Compare your scenarios
Add a scenario, change the inputs, then add another to compare up to three plans.
Understand your numbers
Break a personal loan into monthly payments. Fixed-rate monthly amortization. Extra payments reduce principal; taxes, insurance and early-repayment fees are excluded. The displayed monthly payment is the scheduled amount before extras.
Calculation method
M = P × r / (1 − (1 + r)⁻ⁿ)
Personal loan
An amortizing loan uses the same scheduled payment each month. Interest is calculated on the outstanding balance, and the remainder of the payment reduces principal. With a fixed rate, the interest share usually falls over time as principal is repaid. Enter the amount actually borrowed, rather than the price of an asset before a down payment.
The monthly rate is the entered annual interest rate divided by 12. With P as principal, r as monthly rate and n as the number of months, payment is P × r / (1 − (1 + r)⁻ⁿ). At zero interest the payment is P / n. The first payment is assumed to be one month after borrowing. The schedule reports cumulative principal and interest paid alongside the remaining balance.
This is a principal-and-interest estimate, not a lender quotation or a full cost-of-credit disclosure. Taxes, insurance, arrangement fees, variable rates, payment holidays and early-repayment fees are excluded. Optional extra repayments reduce principal. A longer term generally lowers the monthly payment while increasing total interest at the same positive rate. Compare both numbers before drawing conclusions. A lender may use different day counts, rounding or payment dates.
Common questions
Does changing currency convert the amount?
Display currency only; no exchange-rate conversion.
Are my inputs stored?
Woooju Tools provides browser-based calculation estimates. Inputs are not sent to a calculation server or saved by this app. Language preference may be stored on this device. Your host may process technical access logs. No advertising or analytics scripts are active. This tool is educational and does not provide personalized financial advice.