$1,000 Loan Calculator — 48 Month Term
At the average personal loan rate of 11%, a $1,000 loan over 48 months costs $25.85/month with $240.59 in total interest. Use the calculator below or compare rates across all credit tiers.
Monthly Payment
$25.85
at 11% APR
Total Interest
$240.59
at 11% APR
Total Paid
$1,240.59
over 48 months
Payment Comparison by Credit Score
$1,000 loan · 48 months
| Credit Tier | APR | Monthly | Total Interest | Total Paid |
|---|---|---|---|---|
| Excellent (760+) | 5% | $23.03 | $105.41 | $1,105.41 |
| Very Good (720+) | 7% | $23.95 | $149.42 | $1,149.42 |
| Good (690+) | 10% | $25.36 | $217.40 | $1,217.40 |
| Fair (660+) | 13% | $26.83 | $287.72 | $1,287.72 |
| Poor (620+) | 17% | $28.86 | $385.04 | $1,385.04 |
| Bad (<620) | 21% | $30.97 | $486.35 | $1,486.35 |
Loan Calculator
Monthly Payment
$25.85
Total Paid
$1,240.59
Total Interest
$240.59
Amortization Schedule
$1,000 at 11% APR — 48 payments of $25.85
| Mo | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $25.85 | $16.68 | $9.17 | $983 |
| 2 | $25.85 | $16.83 | $9.01 | $966 |
| 3 | $25.85 | $16.99 | $8.86 | $950 |
| 4 | $25.85 | $17.14 | $8.70 | $932 |
| 5 | $25.85 | $17.30 | $8.55 | $915 |
| 6 | $25.85 | $17.46 | $8.39 | $898 |
| 7 | $25.85 | $17.62 | $8.23 | $880 |
| 8 | $25.85 | $17.78 | $8.07 | $862 |
| 9 | $25.85 | $17.94 | $7.90 | $844 |
| 10 | $25.85 | $18.11 | $7.74 | $826 |
| 11 | $25.85 | $18.27 | $7.57 | $808 |
| 12 | $25.85 | $18.44 | $7.41 | $789 |
| 13 | $25.85 | $18.61 | $7.24 | $771 |
| 14 | $25.85 | $18.78 | $7.07 | $752 |
| 15 | $25.85 | $18.95 | $6.89 | $733 |
| 16 | $25.85 | $19.13 | $6.72 | $714 |
| 17 | $25.85 | $19.30 | $6.54 | $695 |
| 18 | $25.85 | $19.48 | $6.37 | $675 |
| 19 | $25.85 | $19.66 | $6.19 | $656 |
| 20 | $25.85 | $19.84 | $6.01 | $636 |
| 21 | $25.85 | $20.02 | $5.83 | $616 |
| 22 | $25.85 | $20.20 | $5.64 | $595 |
| 23 | $25.85 | $20.39 | $5.46 | $575 |
| 24 | $25.85 | $20.57 | $5.27 | $555 |
| 25 | $25.85 | $20.76 | $5.08 | $534 |
| 26 | $25.85 | $20.95 | $4.89 | $513 |
| 27 | $25.85 | $21.14 | $4.70 | $492 |
| 28 | $25.85 | $21.34 | $4.51 | $470 |
| 29 | $25.85 | $21.53 | $4.31 | $449 |
| 30 | $25.85 | $21.73 | $4.11 | $427 |
| 31 | $25.85 | $21.93 | $3.91 | $405 |
| 32 | $25.85 | $22.13 | $3.71 | $383 |
| 33 | $25.85 | $22.33 | $3.51 | $361 |
| 34 | $25.85 | $22.54 | $3.31 | $338 |
| 35 | $25.85 | $22.75 | $3.10 | $315 |
| 36 | $25.85 | $22.95 | $2.89 | $292 |
| 37 | $25.85 | $23.16 | $2.68 | $269 |
| 38 | $25.85 | $23.38 | $2.47 | $246 |
| 39 | $25.85 | $23.59 | $2.25 | $222 |
| 40 | $25.85 | $23.81 | $2.04 | $198 |
| 41 | $25.85 | $24.03 | $1.82 | $174 |
| 42 | $25.85 | $24.25 | $1.60 | $150 |
| 43 | $25.85 | $24.47 | $1.38 | $126 |
| 44 | $25.85 | $24.69 | $1.15 | $101 |
| 45 | $25.85 | $24.92 | $0.93 | $76 |
| 46 | $25.85 | $25.15 | $0.70 | $51 |
| 47 | $25.85 | $25.38 | $0.47 | $26 |
| 48 | $25.85 | $25.61 | $0.23 | $0 |
$1,000 · 48-Month Loan FAQs
What is the monthly payment on a $1,000 loan for 48 months?
At the national average rate of 11%, your monthly payment on a $1,000, 48-month loan is approximately $25.85. Over the life of the loan you'd pay $240.59 in interest for a total of $1,240.59.
How does the term length affect my $1,000 loan payment?
A shorter term means higher monthly payments but less total interest. For $1,000: a 12-month loan at 11% costs $88.38/mo, while a 60-month loan costs $21.74/mo but you'd pay $243.97 more in total interest.
What credit score do I need for a $1,000 personal loan?
For a $1,000 personal loan, most lenders require a minimum score of 580–620. Borrowers with scores above 720 qualify for the best rates (around 5–7%), while scores below 620 may face rates of 20%+.
Is 48 months a good term for a $1,000 loan?
A 48-month term balances monthly affordability ($25.85/mo at 11%) with reasonable interest costs ($240.59 total). It's a solid middle-ground for most borrowers.
Other Terms for a $1,000 Loan
Other Amounts for a 48-Month Loan
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