Pro Tip
A $10,000 credit card balance at 24% APR with minimum payments takes 47 months to pay off and costs $3,997 in interest. The same amount as a personal loan at 10% APR costs just $2,174 in interest.
Personal Loan Calculator
See your true total cost including fees and interest
Loan Details
Credit Card Comparison
We'll compare your personal loan against paying the same balance on a credit card with minimum payments (interest + 1% of balance, $25 floor).
Monthly Payment
$332.14
Total Interest
$1,957
Fees
$0
Total Cost
$11,957
Personal Loan vs Credit Card
Personal Loan
$1,957
interest over 36 months
Credit Card Min.
$17,266
over 24.9 years (299 months)
You'd save $15,309 by choosing the personal loan
Plus you'd be debt-free 263 months sooner
Cost Breakdown
These calculations are estimates based on the inputs you provide and standard industry formulas. Actual loan terms, fees, and rates depend on your lender, credit profile, and approval. This tool does not constitute financial advice — consult a licensed financial advisor or credit counselor before making major debt decisions.
Personal Loan Saves You Money
At 12% APR over 36 months, a personal loan saves you $15,309 compared to credit card minimum payments at 22% APR. Plus, you have a fixed payoff date — no more minimum payment traps.
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Personal Loan FAQ
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