Monthly Payment on a $1,500 Loan at 18% APR for 36 Months
A $1,500 loan at 18% APR repaid over 36 months has a monthly payment of $54.23. Over the full 36 months (3 years) term you'd pay $452.23 in total interest, bringing the total cost of the loan to $1,952.23. 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
$54.23
at 18% APR
Total Interest
$452.23
over 36 months
Total Cost
$1,952.23
principal + interest
Loan Summary
$1,500 · 18% APR · 36 months
| Loan amount | $1,500 |
| Interest rate (APR) | 18% |
| Term | 36 months (3 years) |
| Monthly payment | $54.23 |
| Total interest paid | $452.23 |
| Total cost of loan | $1,952.23 |
Loan Calculator
Monthly Payment
$54.23
Total Paid
$1,952.23
Total Interest
$452.23
$1,500 at 18% APR · 36-Month Loan FAQs
What is the monthly payment on a $1,500 loan at 18% APR for 36 months?
The monthly payment on a $1,500 loan at 18% APR over 36 months is $54.23. 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 18% APR over 36 months, you'll pay $452.23 in total interest on a $1,500 loan. Combined with the $1,500 you borrowed, the total amount repaid is $1,952.23.
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.
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