SBA 7(a) Loan Calculator

Understand Your Loan Payments in 2026

Whether you're financing a car, consolidating debt, or taking out a personal loan, knowing your true monthly payment is essential for budgeting. This calculator shows you both the payment and total interest cost.

• Personal Loans: Typically 10-25% APR depending on credit.
• Auto Loans: Often 5-12% APR with terms from 36-72 months.
• Debt Consolidation: Compare your current rates to potential savings.

Hidden Fees to Watch For

Ask about origination fees (1-8% of loan amount) and prepayment penalties. These can increase your effective APR significantly.

How to Lower Your APR

Improving your credit score by even 20 points can save you thousands. Consider a co-signer if your rate is above 15%.

A shorter term means higher payments but less total interest. Use the calculator to find your sweet spot.