Tennessee Personal Loan Calculator

Calculate your personal loan rates with our simple Tennessee personal loan calculator.

Months: 36 | Years: 3

Or Calculate by Interest Rate

Estimated Monthly Payments

Total Amount Paid in Interest

The Total Cost Of the Loan

Interest Rate Percentage

How to Calculate Personal Loan Interest in Tennessee

Calculating the cost of a personal loan in Tennessee is easy using a calculation referred to as simple interest.

In order to conduct the calculation, you’ll need some information on the loan like the principal loan amount, the interest rate, and the total number of months or years (referred to as the terms) on the personal loan.

Your total interest can be calculated by doing the following math:

Loan Amount * Interest Rate * Time = Interest

For example, if you take out you want to calculate the interest on a $10,000 3 year personal loan at a  5 percent interest rate you would do the followings:

$10,000 x .05 x 3 = $1,500 in interest.