Question 1

How do I calculate personal loan payments?

Accepted Answer

Use the principal, APR, and term with the annuity formula to get the monthly payment.

Question 2

What is a personal loan amortization schedule?

Accepted Answer

It shows principal vs interest each month and the remaining balance.

Question 3

Can I pay off a personal loan early?

Accepted Answer

Yes—extra payments or a lump sum can shorten the term; verify lender policies.

Question 4

What happens if I add extra payments?

Accepted Answer

Your payoff date moves earlier and you pay less total interest.

Question 5

What is a personal loan EMI calculator?

Accepted Answer

It computes fixed monthly installments (EMI) using the same annuity math.

Personal Loan Calculator with Amortization

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