Estimate your monthly payments and see exactly what your loan will cost. Adjust the amount and term to find the perfect fit for your budget.
Your actual rate may vary based on credit profile
Our calculator helps you understand exactly what your loan will cost before you apply. Here's what each number means and how to use this tool effectively.
Monthly Payment: This is the amount you'll pay each month until your loan is fully repaid. Make sure this fits comfortably within your monthly budget.
Total Interest: This is the cost of borrowing, representing the difference between what you borrow and what you repay. A shorter term or lower APR means less interest.
Total Payment: This is the full amount you'll repay over the life of the loan, including both principal and interest.
Annual Percentage Rate (APR) ranges from 5.99% to 35.99% depending on credit profile, loan amount, and term. Your actual rate will be determined during the application process.
Borrow from $500 to $5,000 based on your needs and qualifications.
Choose terms from 6 to 24 months for payments that fit your budget.
Pay off your loan early without any additional fees or charges.
See how different loan amounts and terms affect your monthly payment at our representative APR of 24.99%.
| Loan Amount | Term | Monthly Payment | Total Interest | Total Repayment |
|---|---|---|---|---|
| $500 | 6 months | $88.74 | $32.44 | $532.44 |
| $1,000 | 12 months | $94.15 | $129.80 | $1,129.80 |
| $2,000 | 12 months | $188.30 | $259.60 | $2,259.60 |
| $2,500 | 12 months | $235.37 | $324.44 | $2,824.44 |
| $3,000 | 18 months | $193.28 | $479.04 | $3,479.04 |
| $4,000 | 24 months | $211.52 | $1,076.48 | $5,076.48 |
| $5,000 | 24 months | $264.40 | $1,345.60 | $6,345.60 |
Annual Percentage Rate (APR) ranges from 5.99% to 35.99% depending on your credit profile, loan amount, and selected term length. Your actual APR will be determined based on a comprehensive evaluation of your creditworthiness, income verification, and other financial factors.
Representative Example: A $2,500 loan at 24.99% APR for 12 months would have monthly payments of approximately $235.37 and a total repayment amount of approximately $2,824.44, including $324.44 in interest charges.
The APR includes the interest rate and any applicable origination fees. Borrowers with excellent credit histories typically qualify for our lowest rates, while rates at the higher end of the range apply to borrowers with limited or challenged credit profiles. All rates are determined at the time of application and are subject to verification of information provided.
Note: The calculator above provides estimates for planning purposes only. Your actual loan terms may differ based on your individual circumstances and approval status.
To qualify for a personal loan with Wise Loan, applicants must meet the following minimum requirements:
Meeting these requirements does not guarantee approval. Final decisions are based on our comprehensive underwriting process.
All loan terms are clearly disclosed before you finalize your application. Review all terms carefully before accepting any loan offer.
Our customer support team is available to answer any questions about our loan products, the application process, or your existing account.
For faster service, include your application ID or account number in your message. Visit our FAQ page for answers to common questions.
While it might be tempting to borrow more "just in case," remember that you'll pay interest on every dollar. Calculate your actual needs and borrow accordingly to minimize costs.
Before committing, ensure the monthly payment fits comfortably within your budget. A good rule is that loan payments shouldn't exceed 10-15% of your monthly income.
While longer terms mean lower monthly payments, you'll pay more in total interest. If you can afford higher payments, a shorter term will cost less overall.
We don't charge prepayment penalties, so paying extra when you can will reduce your total interest cost. Even small additional payments make a difference.
Now that you know what to expect, take the next step. Our application takes just minutes, and you could have funds deposited quickly.
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