Monthly Payment on a $12,000 Loan at 18% APR for 12 Months
A $12,000 loan at 18% APR repaid over 12 months has a monthly payment of $1,100.16. Over the full 12 months (1 year) term you'd pay $1,201.92 in total interest, bringing the total cost of the loan to $13,201.92. 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
$1,100.16
at 18% APR
Total Interest
$1,201.92
over 12 months
Total Cost
$13,201.92
principal + interest
Loan Summary
$12,000 · 18% APR · 12 months
| Loan amount | $12,000 |
| Interest rate (APR) | 18% |
| Term | 12 months (1 year) |
| Monthly payment | $1,100.16 |
| Total interest paid | $1,201.92 |
| Total cost of loan | $13,201.92 |
Loan Calculator
Monthly Payment
$1,100.16
Total Paid
$13,201.92
Total Interest
$1,201.92
$12,000 at 18% APR · 12-Month Loan FAQs
What is the monthly payment on a $12,000 loan at 18% APR for 12 months?
The monthly payment on a $12,000 loan at 18% APR over 12 months is $1,100.16. 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 $12,000 loan?
At 18% APR over 12 months, you'll pay $1,201.92 in total interest on a $12,000 loan. Combined with the $12,000 you borrowed, the total amount repaid is $13,201.92.
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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