Monthly Payment on a $1,000 Loan at 6% APR for 36 Months
A $1,000 loan at 6% APR repaid over 36 months has a monthly payment of $30.42. Over the full 36 months (3 years) term you'd pay $95.19 in total interest, bringing the total cost of the loan to $1,095.19. A 6% APR is typical for borrowers with excellent credit (760+). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$30.42
at 6% APR
Total Interest
$95.19
over 36 months
Total Cost
$1,095.19
principal + interest
Loan Summary
$1,000 · 6% APR · 36 months
| Loan amount | $1,000 |
| Interest rate (APR) | 6% |
| Term | 36 months (3 years) |
| Monthly payment | $30.42 |
| Total interest paid | $95.19 |
| Total cost of loan | $1,095.19 |
Loan Calculator
Monthly Payment
$30.42
Total Paid
$1,095.19
Total Interest
$95.19
$1,000 at 6% APR · 36-Month Loan FAQs
What is the monthly payment on a $1,000 loan at 6% APR for 36 months?
The monthly payment on a $1,000 loan at 6% APR over 36 months is $30.42. This is calculated with the standard amortization formula and assumes equal fixed payments for the full term.
How much total interest will I pay on this $1,000 loan?
At 6% APR over 36 months, you'll pay $95.19 in total interest on a $1,000 loan. Combined with the $1,000 you borrowed, the total amount repaid is $1,095.19.
Is 6% a good APR for a personal loan?
A 6% APR is generally available to borrowers with excellent credit (760+). This is among the lower rates lenders offer and reflects strong creditworthiness.
Same Loan at a Different APR
Explore This Loan Further
Related tools:
Loan Calculator Debt Payoff Calculator Compound Interest Calculator