Personal loan calculator
Estimate monthly payments, total repayment and the cost of borrowing on loans from $200 to $5,000. Compare terms side by side.
*Illustration only using a standard amortizing formula. The APR shown is an editable example, not an offer or a promise of any rate. Your actual terms are shown in your loan offer before you accept.
How the term changes your cost
Same amount and APR, six repayment terms. A longer term lowers the payment but raises the total cost of borrowing.
Month-by-month breakdown
See how each payment splits between principal and interest, and how your balance falls.
| # | Payment | Principal | Interest | Balance |
|---|
What the numbers mean
Monthly payment
What leaves your account each period. It should fit comfortably in your budget without relying on future borrowing.
Total repaid
The full amount you will have paid by the final payment, including interest and fees.
Cost of borrowing
Total repaid minus the amount you borrowed. Compare this figure across offers.
Three ways to lower the cost
- Borrow only what you need
- Choose the shortest affordable term
- Compare the APR and total repayment of every offer
Person budgeting with a calculator and notebook
Good to know
What is APR and why does it matter?
APR (annual percentage rate) expresses the yearly cost of borrowing, including interest and certain fees. Compare APR together with the monthly payment and the total amount you will repay.
Why can the APR look high on a small loan?
APR annualizes the cost of borrowing. On short, small loans, even modest dollar costs can translate into a large percentage. That is why the dollar total and monthly payment are just as important to compare.
Is there a penalty for paying early?
There is no prepayment penalty on HFD Financing loans. Paying early can reduce the interest you pay. Your loan agreement states clearly whether any prepayment fee applies.
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