Monthly Payment on a $1,500 Loan at 12% APR for 48 Months
A $1,500 loan at 12% APR repaid over 48 months has a monthly payment of $39.50. Over the full 48 months (4 years) term you'd pay $396.04 in total interest, bringing the total cost of the loan to $1,896.04. 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
$39.50
at 12% APR
Total Interest
$396.04
over 48 months
Total Cost
$1,896.04
principal + interest
Loan Summary
$1,500 · 12% APR · 48 months
| Loan amount | $1,500 |
| Interest rate (APR) | 12% |
| Term | 48 months (4 years) |
| Monthly payment | $39.50 |
| Total interest paid | $396.04 |
| Total cost of loan | $1,896.04 |
Loan Calculator
Monthly Payment
$39.50
Total Paid
$1,896.04
Total Interest
$396.04
$1,500 at 12% APR · 48-Month Loan FAQs
What is the monthly payment on a $1,500 loan at 12% APR for 48 months?
The monthly payment on a $1,500 loan at 12% APR over 48 months is $39.50. 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 12% APR over 48 months, you'll pay $396.04 in total interest on a $1,500 loan. Combined with the $1,500 you borrowed, the total amount repaid is $1,896.04.
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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