Try our loan payment calculator
Estimate monthly payments to find a personal loan that works for you.
See what your payments could be
Estimated Monthly Payment
$415
8.99% APR
$24,900 Total Cost
Tab down to learn more on how your inputs affect the payment and APR.How your details affect the payment and APR
- "Debt Consolidation" loans have lower APRs and monthly payments than any other loan use type
- Higher loan amounts can raise your APR and increase your payment
- Longer loan terms can raise your APR and increase your payment
- Higher credit scores can lower your APR and decrease your payment
Questions? Call us at 1-866-248-1255
Any results are estimates, and we do not guarantee the applicability or accuracy to your specific circumstance.
Using a loan to consolidate debt? Estimate Savings
What you can count on from Discover®
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Great RatesSave on interest with a fixed interest rate from x to x APR.
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Flexible TermsBorrow up to x and repay it over x to x years — it's your choice.
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No Up-Front FeesPut more of your funds to work with no fees of any kind — as long as you pay on time.
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Funds Sent FastGet your money as soon as the next business day after accepting loan terms.
Frequently asked personal loan questions
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Our personal loan calculator estimates a monthly payment based on the loan amount, term and the credit score you select. Your actual payments will also be determined by your interest rate.
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In the most general terms, the higher your credit score is, the lower your interest rate and monthly payments may be. Your interest rate is determined at the time of application based on the information you provide.
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With a Discover personal loan, you get a fixed rate. That means you'll lock in your interest rate, so your monthly payments will remain the same for the duration of your loan, as long as you make the monthly payments on time. This is typically the key difference between a line of credit and a personal loan.