Monthly Payment on a $12,000 Loan at 18% APR for 60 Months
A $12,000 loan at 18% APR repaid over 60 months has a monthly payment of $304.72. Over the full 60 months (5 years) term you'd pay $6,283.27 in total interest, bringing the total cost of the loan to $18,283.27. 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
$304.72
at 18% APR
Total Interest
$6,283.27
over 60 months
Total Cost
$18,283.27
principal + interest
Loan Summary
$12,000 · 18% APR · 60 months
| Loan amount | $12,000 |
| Interest rate (APR) | 18% |
| Term | 60 months (5 years) |
| Monthly payment | $304.72 |
| Total interest paid | $6,283.27 |
| Total cost of loan | $18,283.27 |
Loan Calculator
Monthly Payment
$304.72
Total Paid
$18,283.27
Total Interest
$6,283.27
$12,000 at 18% APR · 60-Month Loan FAQs
What is the monthly payment on a $12,000 loan at 18% APR for 60 months?
The monthly payment on a $12,000 loan at 18% APR over 60 months is $304.72. 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 60 months, you'll pay $6,283.27 in total interest on a $12,000 loan. Combined with the $12,000 you borrowed, the total amount repaid is $18,283.27.
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.
Same Loan at a Different APR
Explore This Loan Further
Related tools:
Loan Calculator Debt Payoff Calculator Compound Interest Calculator