Florida personal loan calculator
Move the amount and pick a term to see the monthly payment, the total interest, and what the loan costs in total. It uses the same amortisation code as our Truth-in-Lending disclosures, so the estimate is not a different number from the one you would sign for.
$2,000$10,000
Estimated monthly payment
$492.34/mo
- APR at this amount
- 31.99%
- Total interest (12 scheduled payments)
- $908.08
- Total of payments
- $5,908.08
An estimate, not an offer of credit. It assumes StrideFi's current 31.99% APR at this amount and all payments made on schedule. Your APR, term, and payment are set by underwriting and disclosed in your Truth-in-Lending statement before you sign. Interest accrues daily on the unpaid principal, so paying early costs less than the total shown and paying late costs more. There is no prepayment penalty.
A worked example
Take $5,000 over 12 months at 31.99% APR. The monthly periodic rate is the APR divided by twelve, or 2.6658%. Amortised over 12 payments that gives a scheduled payment of $492.34.
Multiply that by 12 and the total of payments is $5,908.08 — of which $5,000.00 is the money you borrowed and $908.08 is the finance charge. That finance charge is the cost of running the full term on schedule; because interest accrues daily on the unpaid principal, retiring the loan sooner costs less than that figure, and there is no penalty for doing so.
Payments at every amount
| Loan amount | APR | Term | Monthly payment | Finance charge | Total of payments |
|---|---|---|---|---|---|
| $2,000 | 35.99% | 12 mo | $200.91 | $410.92 | $2,410.92 |
| $2,500 | 35.99% | 12 mo | $251.14 | $513.68 | $3,013.68 |
| $3,000 | 35.99% | 12 mo | $301.37 | $616.44 | $3,616.44 |
| $3,500 | 33.99% | 12 mo | $348.11 | $677.32 | $4,177.32 |
| $4,000 | 33.99% | 12 mo | $397.84 | $774.08 | $4,774.08 |
| $5,000 | 31.99% | 12 mo | $492.34 | $908.08 | $5,908.08 |
| $6,000 | 31.99% | 12 mo | $590.81 | $1,089.72 | $7,089.72 |
| $7,500 | 28.99% | 12 mo | $727.43 | $1,229.16 | $8,729.16 |
| $8,000 | 28.99% | 12 mo | $775.93 | $1,311.16 | $9,311.16 |
| $10,000 | 28.99% | 12 mo | $969.91 | $1,638.92 | $11,638.92 |
Representative examples only, not an offer of credit. Each row assumes a 12-month term, on-time payments, and the APR StrideFi currently quotes at that amount; your APR, term, and payment depend on underwriting. Interest accrues daily on the unpaid principal balance, so paying early reduces the finance charge below the figure shown, and paying late increases it. There is no prepayment penalty.
| Loan amount | APR | Term | Monthly payment | Finance charge | Total of payments |
|---|---|---|---|---|---|
| $2,000 | 35.99% | 12 mo | $200.91 | $410.92 | $2,410.92 |
| $2,500 | 35.99% | 12 mo | $251.14 | $513.68 | $3,013.68 |
| $3,000 | 35.99% | 12 mo | $301.37 | $616.44 | $3,616.44 |
| $3,500 | 33.99% | 12 mo | $348.11 | $677.32 | $4,177.32 |
| $4,000 | 33.99% | 12 mo | $397.84 | $774.08 | $4,774.08 |
| $5,000 | 31.99% | 12 mo | $492.34 | $908.08 | $5,908.08 |
| $6,000 | 31.99% | 12 mo | $590.81 | $1,089.72 | $7,089.72 |
| $7,500 | 28.99% | 12 mo | $727.43 | $1,229.16 | $8,729.16 |
| $8,000 | 28.99% | 12 mo | $775.93 | $1,311.16 | $9,311.16 |
| $10,000 | 28.99% | 12 mo | $969.91 | $1,638.92 | $11,638.92 |
Representative examples only, not an offer of credit. Each row assumes a 12-month term, on-time payments, and the APR StrideFi currently quotes at that amount; your APR, term, and payment depend on underwriting. Interest accrues daily on the unpaid principal balance, so paying early reduces the finance charge below the figure shown, and paying late increases it. There is no prepayment penalty.
The full rate schedule, including fees, is on the rates page.
Calculator questions
- How is the monthly payment calculated?
- With the standard amortisation formula: the principal multiplied by the monthly periodic rate, divided by one minus (one plus that rate) raised to the negative number of payments. The monthly periodic rate is the APR divided by twelve. This calculator calls the same function that produces the figures in your Truth-in-Lending disclosure, so the estimate and the disclosure agree.
- Why does the total interest change when I change the term?
- Because interest accrues on the principal for as long as it is outstanding. A longer term means a smaller payment retiring principal more slowly, so more days of interest accrue in total. The monthly payment falls and the total cost rises.
- Is the estimate what I will actually pay?
- It is the scheduled figure at the APR we currently quote for that amount, assuming every payment arrives on its due date. Interest here is simple daily interest on the unpaid balance, so paying early reduces the total below the estimate and paying late increases it. Your actual APR and term are set by underwriting and disclosed before you sign.
- Does the calculator include any fees?
- There are no fees to include. There is no origination fee, no application fee, and no prepayment penalty. The only possible charge beyond interest is a delinquency charge of up to $15 on a payment at least 12 days in default.
- Does using the calculator affect my credit?
- No. It runs entirely in your browser. Nothing is submitted and no consumer report is obtained until you complete an application.
Related pages
StrideFi is an online lender — we have no branch locations. Loans made by Stride Financial LLC under the Florida Consumer Finance Act (Chapter 516) to Florida residents statewide. Amounts from $2,000 to $10,000; APR 28.99%–35.99%; terms up to 12months; no prepayment penalty. Approval, loan amount, APR, and term depend on underwriting, including identity, income, and bank-account verification — not every applicant qualifies, and applying is not a guarantee of credit. Funding times depend on your bank's ACH processing.