Monthly Payment on a $1,500 Loan at 9% APR for 24 Months
A $1,500 loan at 9% APR repaid over 24 months has a monthly payment of $68.53. Over the full 24 months (2 years) term you'd pay $144.65 in total interest, bringing the total cost of the loan to $1,644.65. A 9% APR is typical for borrowers with very good credit (720+). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$68.53
at 9% APR
Total Interest
$144.65
over 24 months
Total Cost
$1,644.65
principal + interest
Loan Summary
$1,500 · 9% APR · 24 months
| Loan amount | $1,500 |
| Interest rate (APR) | 9% |
| Term | 24 months (2 years) |
| Monthly payment | $68.53 |
| Total interest paid | $144.65 |
| Total cost of loan | $1,644.65 |
Loan Calculator
Monthly Payment
$68.53
Total Paid
$1,644.65
Total Interest
$144.65
$1,500 at 9% APR · 24-Month Loan FAQs
What is the monthly payment on a $1,500 loan at 9% APR for 24 months?
The monthly payment on a $1,500 loan at 9% APR over 24 months is $68.53. 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 $1,500 loan?
At 9% APR over 24 months, you'll pay $144.65 in total interest on a $1,500 loan. Combined with the $1,500 you borrowed, the total amount repaid is $1,644.65.
Is 9% a good APR for a personal loan?
A 9% APR is generally available to borrowers with very good credit (720+). This is among the lower rates lenders offer and reflects strong creditworthiness.
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