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Explore Your Options

Achieve financial goals with a Lendvia personal loan. Explore Options

Introducing Lendvia's Personal Loan Calculator

At Lendvia, we offer a powerful tool to help you calculate your potential savings. Our Personal Loan Calculator demonstrates exactly how much interest you can save by consolidating your existing loan or credit card debt with a Lendvia Personal Loan.

Calculating your personal loan savings made easy

Our calculator reveals how lowering your interest rate and monthly payments can lead to significant savings on total interest.

Simply enter the amount of your current personal loan or debt, along with your current interest rate and loan term.

For those with multiple loans or credit cards, input your average interest rate into the payoff calculator.

Then, witness a side-by-side comparison of your existing loan or debt versus a Lendvia personal loan.

Loan info

Your results

Total principal paid
$0
Total interest paid
$0

Estimated payment

$0

Loan term (yrs)

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*Please note that the calculated payments and savings are estimates. All rates displayed include the Lendvia 0.25% AutoPay discount. Our free calculator is designed for informational purposes only and does not constitute an offer for a loan. It will not solicit a loan offer either. The actual payments and savings will depend on the approved amounts when you choose to apply.

How to Use the Lendvia’s Personal Loan Calculator

Loan Amount:

Estimate your total outstanding debt from loans or credit cards, excluding car loans or low-interest student loans, as they have better refinancing options.

Interest Rate:

Enter your average APR (Annual Percentage Rate) if you have multiple debts with different rates.

Monthly Payment:

For loans, input the amount you are billed each month. The Remaining Term field will auto-populate. If you don’t know your Monthly Payment, enter the Remaining Term, and your Monthly Payment will be calculated automatically. For credit cards, enter your Minimum Payment Due or the typical amount you pay.

Remaining Term (months):

Enter the number of months left on your loan. Your loan’s Maturity Date can be found on your monthly bill. The Monthly Payment field will auto-populate. If you don’t know your Remaining Term, enter your Monthly Payment, and the Remaining Term will be calculated automatically. For credit cards, fill in the Monthly Payment field with the Minimum Payment Due from your most recent bill, and the Remaining Term will be calculated.

Term (2–7 years):

Use the slider to choose the preferred length of your new loan. Longer terms result in lower monthly payments but higher interest payments over the loan’s lifespan.

Benefits of Using a Personal Loan Payment Calculator

Our calculator allows you to compare your current debt—loans and credit cards—to see how reducing your interest rate can affect your monthly payment and save you money on the total interest paid throughout the loan’s duration.

What Can You Use a Personal Loan for?

Personal loans offer exceptional flexibility. Some common uses include home improvements, credit card consolidation, medical bills, weddings, and creating emergency funds for unexpected life events.

What's Next: Apply for a Personal Loan

When you’re ready, complete our hassle-free online application. At Lendvia, you’ll enjoy end-to-end support from our live, U.S.-based customer service team, available 7 days a week. After a quick and straightforward application process, you’ll receive the funds in a lump sum.

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FAQs

Your monthly payments are calculated by applying your new Lendvia interest rate and loan term to the total amount of your current debt.

Personal loan interest rates range from 6% to 36%, with an average rate as of November 2022 being 11.21%. Your rate will depend on factors such as your credit score, annual income, and debt-to-income (DTI) ratio.

Lendvia offers Personal Loans with fixed rates as low as 8.99% APR for qualifying borrowers. You can check average personal loan interest rates here.

A personal loan is a short-term, unsecured loan with terms typically ranging from 2 to 5 years.

No, you do not need a down payment for a personal loan. However, please note that personal loans cannot be used as mortgage loans or for down payments on mortgages.
Your credit score plays a significant role in qualifying for a personal loan and determines your interest rate. A borrower with an excellent credit score can pay 2 to 3 times less interest than a borrower with a good credit score.
When applying for a personal loan, banks evaluate factors such as the borrower’s credit score, credit history, annual income, debt-to-income (DTI) ratio, and age (over 18). A bank account is also typically required. Learn more about typical personal loan requirements.
If you have a variable interest rate personal loan, your payment could change as interest rates fluctuate. However, with a fixed interest rate loan, your payment remains constant throughout the loan term.