Monthly Payment on a $10,000 Loan at 6% APR for 48 Months
A $10,000 loan at 6% APR repaid over 48 months has a monthly payment of $234.85. Over the full 48 months (4 years) term you'd pay $1,272.81 in total interest, bringing the total cost of the loan to $11,272.81. 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
$234.85
at 6% APR
Total Interest
$1,272.81
over 48 months
Total Cost
$11,272.81
principal + interest
Loan Summary
$10,000 · 6% APR · 48 months
| Loan amount | $10,000 |
| Interest rate (APR) | 6% |
| Term | 48 months (4 years) |
| Monthly payment | $234.85 |
| Total interest paid | $1,272.81 |
| Total cost of loan | $11,272.81 |
Loan Calculator
Monthly Payment
$234.85
Total Paid
$11,272.81
Total Interest
$1,272.81
$10,000 at 6% APR · 48-Month Loan FAQs
What is the monthly payment on a $10,000 loan at 6% APR for 48 months?
The monthly payment on a $10,000 loan at 6% APR over 48 months is $234.85. 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 6% APR over 48 months, you'll pay $1,272.81 in total interest on a $10,000 loan. Combined with the $10,000 you borrowed, the total amount repaid is $11,272.81.
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.
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