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Elgin State Bank the community leader in local business banking, Elgin, IL Elgin State Bank, The Business Bank located in 3 locations in Elign, IL
Elgin State Bank, "The Business Bank"  
 

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Personal Loan Payment Calculator

At one time or another in our lives, most of us could use a little extra cash. Whether it's for college, a new car, a boat, or a home, our free online "Personal Loan Payment Calculator" is a quick and easy way to estimate your monthly payments.

Enter your information in the boxes below. Please do not include commas or dollar signs. When you click "Calculate," the amount you need to save each year will appear below.

Help with terms used on the calculator.

Purchase
Price
Down
Payment
Loan
Amount
Interest
Rate
Number of months
  

Personal Loan Payment Calculator Help

Purchase Price
What is the total amount of the purchase you will be making?
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Down Payment
What is the amount of the down payment you will make?
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Loan Amount
What is the purchase price minus the down payment? This field is calculated automatically when you fill in a purchase price and a down payment.
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Interest Rate
What is the interest rate the bank will charge you for your loan? You do not have to include the % sign.
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Number of Months
What is the number of months your loan will be for?
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