Monthly Payment on a $12,000 Loan at 5% APR for 48 Months
A $12,000 loan at 5% APR repaid over 48 months has a monthly payment of $276.35. Over the full 48 months (4 years) term you'd pay $1,264.87 in total interest, bringing the total cost of the loan to $13,264.87. 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
$276.35
at 5% APR
Total Interest
$1,264.87
over 48 months
Total Cost
$13,264.87
principal + interest
Loan Summary
$12,000 · 5% APR · 48 months
| Loan amount | $12,000 |
| Interest rate (APR) | 5% |
| Term | 48 months (4 years) |
| Monthly payment | $276.35 |
| Total interest paid | $1,264.87 |
| Total cost of loan | $13,264.87 |
Loan Calculator
Monthly Payment
$276.35
Total Paid
$13,264.87
Total Interest
$1,264.87
$12,000 at 5% APR · 48-Month Loan FAQs
What is the monthly payment on a $12,000 loan at 5% APR for 48 months?
The monthly payment on a $12,000 loan at 5% APR over 48 months is $276.35. 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 48 months, you'll pay $1,264.87 in total interest on a $12,000 loan. Combined with the $12,000 you borrowed, the total amount repaid is $13,264.87.
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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