Monthly Payment on a $10,000 Loan at 18% APR for 48 Months
A $10,000 loan at 18% APR repaid over 48 months has a monthly payment of $293.75. Over the full 48 months (4 years) term you'd pay $4,100.00 in total interest, bringing the total cost of the loan to $14,100.00. A 18% APR is typical for borrowers with fair credit (630–689). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$293.75
at 18% APR
Total Interest
$4,100.00
over 48 months
Total Cost
$14,100.00
principal + interest
Loan Summary
$10,000 · 18% APR · 48 months
| Loan amount | $10,000 |
| Interest rate (APR) | 18% |
| Term | 48 months (4 years) |
| Monthly payment | $293.75 |
| Total interest paid | $4,100.00 |
| Total cost of loan | $14,100.00 |
Loan Calculator
Monthly Payment
$293.75
Total Paid
$14,100.00
Total Interest
$4,100.00
$10,000 at 18% APR · 48-Month Loan FAQs
What is the monthly payment on a $10,000 loan at 18% APR for 48 months?
The monthly payment on a $10,000 loan at 18% APR over 48 months is $293.75. 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 $10,000 loan?
At 18% APR over 48 months, you'll pay $4,100.00 in total interest on a $10,000 loan. Combined with the $10,000 you borrowed, the total amount repaid is $14,100.00.
Is 18% a good APR for a personal loan?
A 18% APR is generally available to borrowers with fair credit (630–689). This is a mid-range rate — improving your credit score or adding a co-signer could help you qualify for a lower one.
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