Monthly Payment on a $12,000 Loan at 12% APR for 30 Months
A $12,000 loan at 12% APR repaid over 30 months has a monthly payment of $464.98. Over the full 30 months (2.5 years) term you'd pay $1,949.32 in total interest, bringing the total cost of the loan to $13,949.32. A 12% APR is typical for borrowers with good credit (690+). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$464.98
at 12% APR
Total Interest
$1,949.32
over 30 months
Total Cost
$13,949.32
principal + interest
Loan Summary
$12,000 · 12% APR · 30 months
| Loan amount | $12,000 |
| Interest rate (APR) | 12% |
| Term | 30 months (2.5 years) |
| Monthly payment | $464.98 |
| Total interest paid | $1,949.32 |
| Total cost of loan | $13,949.32 |
Loan Calculator
Monthly Payment
$464.98
Total Paid
$13,949.32
Total Interest
$1,949.32
$12,000 at 12% APR · 30-Month Loan FAQs
What is the monthly payment on a $12,000 loan at 12% APR for 30 months?
The monthly payment on a $12,000 loan at 12% APR over 30 months is $464.98. 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 12% APR over 30 months, you'll pay $1,949.32 in total interest on a $12,000 loan. Combined with the $12,000 you borrowed, the total amount repaid is $13,949.32.
Is 12% a good APR for a personal loan?
A 12% APR is generally available to borrowers with good credit (690+). 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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