Personal Loan Calculator

Use our Personal Loan Calculator to see how you could consolidate debt with Marcus

Understanding Our Personal Loan Calculator

Our Personal Loan Calculator is designed to help you see what a potential loan option from Marcus could look like, even before you fill out the application and enter any personal information. This way, you can get a sense of how much your monthly payment, term and APR could be with a Marcus personal loan.

Below we’ll walk you through what each of these variables mean.

Monthly Payment: Calculate monthly payment for loan

When taking out a personal loan, it’s important to make sure you'll be able to pay it back on time. So calculating your monthly payment to ensure it’s something you can afford can be helpful.

After you’ve entered your desired loan amount, credit score and either desired monthly payment or term length, our Personal Loan Calculator will calculate your monthly payment based on your inputs.

If you see that the calculated monthly payment is more than you can afford, then you can either 1. Lengthen the term of your loan, or 2. Input a lower desired monthly payment.

On the other hand, if you see that the monthly payment is manageable for you and you think you can pay your loan off faster (which is great!), then you can reduce the term of your loan or increase your desired monthly payment.

Good to know: With a Marcus personal loan, your monthly payment is fixed throughout the term of your loan, so you can plan ahead knowing what to expect each month.

Term: Calculate term of loan

The term of a loan is essential in knowing how long you’ll be paying back your loan. At Marcus, our personal loan terms range from 36 - 72 months.

To calculate the term of a loan, just select the desired term length from the drop down. If whatever term you input spits out a monthly payment or APR that isn’t right for you, simply try a different term until you find a loan option that’s best for your needs.

Learn more about our no-fee, fixed-rate personal loans.

APR: How to calculate APR

The Annual Percentage Rate (APR) is the total yearly cost of borrowing money expressed as a percentage of the loan amount. In simpler terms: it’s the price of borrowing money on a yearly basis. APR includes the interest and other additional costs or fees associated with your loan. 

To see different options, you can change the term of the loan and compare APRs. APRs are based on many factors, including your creditworthiness (for example, your credit score and credit history) and the length of your loan.

Always keep in mind that you want to ensure that the monthly payment amount is realistic with what you can afford. If you’re shopping around and comparing loan options with our Personal Loan Calculator, APR is one of the most important things to look at.

And as we all know, fees can add up, so you’ll want to consider any personal loan fees before signing.

AutoPay: what is it?

AutoPay is a feature that automatically withdraws your monthly loan payment.

Enrolling in AutoPay has a number of benefits: You can enjoy the convenience and peace of mind knowing that your payments are taken care of, and it minimizes your risk by helping ensure that your payments are on-time and paid in full.

Marcus Personal Loan Features


Good news: at Marcus your APR is the total cost of what you’ll pay to borrow money, meaning there won’t be any additional fees on top.

At Marcus, personal loan APR’s range from 6.99% to 24.99%. Marcus APRs are also fixed for the term of your loan, meaning your APR will remain the same for each monthly payment.

Bonus points: you could decrease your APR by 0.25% if you enroll in AutoPay with Marcus. Something else to keep in mind when you see your calculated APR.

No fees.

Sound too good to be true? Yeah, we get that a lot. Thankfully, we mean it – no origination fees, no late payment fees, no check processing fees, no payment processing fees and no insufficient funds fee – no fees.

It doesn’t matter your loan amount, credit bracket, term, or monthly payment. All of our loans have no fees.

AutoPay: APR Discount with Automatic Loan Payments

You might notice this in our Personal Loan Calculator, but an additional perk with Marcus is that we’ll reduce your APR by 0.25% when you enroll in AutoPay.

That number may sound small, but over the full term of your loan, that 0.25% back in your pocket can really add up.

Learn how you can simplify your debt with a debt consolidation loan

Ready to apply for a Marcus personal loan?

To apply for a personal loan, click “Get started” in the Personal Loan Calculator and begin the application. We’ll take you through three easy steps:

  1. Tell us about yourself. We’ll customize your personal loan options based on your input, similar to this Personal Loan Calculator.
  2. Choose your personal loan. Explore your loan options and pick one that suits your budget and time frame.
  3. Complete your application. Add a few details to verify your identity and finalize your personal loan application.


Receive a 0.25% APR reduction when you enroll in AutoPay. This reduction will not be applied if AutoPay is not in effect. When enrolled, a larger portion of your monthly payment will be applied to your principal loan amount and less interest will accrue on your loan, which may result in a smaller final payment. See loan agreement for details.

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