Monthly Payment on a $12,000 Loan at 5% APR for 30 Months
A $12,000 loan at 5% APR repaid over 30 months has a monthly payment of $426.35. Over the full 30 months (2.5 years) term you'd pay $790.57 in total interest, bringing the total cost of the loan to $12,790.57. A 5% 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
$426.35
at 5% APR
Total Interest
$790.57
over 30 months
Total Cost
$12,790.57
principal + interest
Loan Summary
$12,000 · 5% APR · 30 months
| Loan amount | $12,000 |
| Interest rate (APR) | 5% |
| Term | 30 months (2.5 years) |
| Monthly payment | $426.35 |
| Total interest paid | $790.57 |
| Total cost of loan | $12,790.57 |
Loan Calculator
Monthly Payment
$426.35
Total Paid
$12,790.57
Total Interest
$790.57
$12,000 at 5% APR · 30-Month Loan FAQs
What is the monthly payment on a $12,000 loan at 5% APR for 30 months?
The monthly payment on a $12,000 loan at 5% APR over 30 months is $426.35. 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 5% APR over 30 months, you'll pay $790.57 in total interest on a $12,000 loan. Combined with the $12,000 you borrowed, the total amount repaid is $12,790.57.
Is 5% a good APR for a personal loan?
A 5% 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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