Monthly Payment on a $12,000 Loan at 12% APR for 48 Months
A $12,000 loan at 12% APR repaid over 48 months has a monthly payment of $316.01. Over the full 48 months (4 years) term you'd pay $3,168.29 in total interest, bringing the total cost of the loan to $15,168.29. 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
$316.01
at 12% APR
Total Interest
$3,168.29
over 48 months
Total Cost
$15,168.29
principal + interest
Loan Summary
$12,000 · 12% APR · 48 months
| Loan amount | $12,000 |
| Interest rate (APR) | 12% |
| Term | 48 months (4 years) |
| Monthly payment | $316.01 |
| Total interest paid | $3,168.29 |
| Total cost of loan | $15,168.29 |
Loan Calculator
Monthly Payment
$316.01
Total Paid
$15,168.29
Total Interest
$3,168.29
$12,000 at 12% APR · 48-Month Loan FAQs
What is the monthly payment on a $12,000 loan at 12% APR for 48 months?
The monthly payment on a $12,000 loan at 12% APR over 48 months is $316.01. 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 48 months, you'll pay $3,168.29 in total interest on a $12,000 loan. Combined with the $12,000 you borrowed, the total amount repaid is $15,168.29.
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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