Personal Line of Credit Calculator
Estimate interest and repayment on a personal line of credit. Enter credit limit, amount drawn, APR, and repayment assumptions.
Calculate your payment
Enter values to calculate.
How it works
Interest accrues on the balance you've drawn. We show interest cost and a sample payoff schedule based on your payment assumptions.
When to use it
Use when comparing a personal line of credit to a personal loan or credit card.
Frequently asked questions
How is this different from a credit card?
A line of credit may have lower rates and different draw/repay terms; it's not tied to a card.