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Free Loan Calculator
Find out how long it will take you to pay off your personal loans, credit cards and student loans

This free loan calculator gives you a handy way to determine in a snap approximately how long it will take you to pay off your personal loans, credit cards and student loans.

Enter the total amount you are borrowing does not include your downpayment! Only the total amount you will be borrowing from your credit union or bank should be considered the payback portion of your personal loan. No need to enter the "$" or "%" signs in spaces provided, the free online calculator does that for you.

By using this free personal loan calculator, you can determine how long it will take to pay off your loan either by (1) the monthly payment you want to make, or (2) the number of months you want to have this debt paid off.

This is good to know, since you may opt for a higher monthly payment to pay off your personal loan quicker, or it might be better to stretch out the number of payments for as long as possible to match your regular monthly income.

You may also use it if you want to set up monthly payments for a friend or family member who needs to borrow a set amount for a short period of time, say one year or so.

Calculating the number of months to pay off a high-interest credit card balance is also a useful feature of this loan calculator. Simply enter in your latest total credit card balance due, enter in the interest rate shown on your credit card statement, and type in the number of months you want to get this debt paid off.

As an example, if you enter in $5,000 at 18.99%, you will find that it will take you 24 monthly payments of $252.02 to get rid of this debt, for a final principal and interest total being $6,048.48.

You can edit the number of months or years that you will be paying back this loan, and you can also do a quick 'what if' calculation to determine your new pay off total if you combine federal and private student loans with the new Obama student loan consolidation program.

We have a listing of additional loan calculators you can find for free online below...

The important thing to remember -- getting loan calculator results that match your own financial situation and your future goals -- is to spend time entering different alternative loan repayment options into the calculator input fields and track the differences.

"How long will it take to pay off my loan?"
Enter your loan balance: $
Enter the loan interest rate: %
Enter payment amount per month: $
Enter desired months until loan paid off:
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What is the process to qualify for student loan deferment? (Check here to find out free...)

Need To Consolidate Student Loans?
(Click here to learn your student loan consolidation options ...)

Have your student loans gotten out of control? Getting nasty collection calls? Maybe it's time to consolidate your loans. Find out if consolidating overdue student loans is the answer to your prayers... or maybe an expensive option you should avoid.

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