Monthly Payment on a $1,500 Loan at 18% APR for 6 Months
A $1,500 loan at 18% APR repaid over 6 months has a monthly payment of $263.29. Over the full 6 months term you'd pay $79.73 in total interest, bringing the total cost of the loan to $1,579.73. 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
$263.29
at 18% APR
Total Interest
$79.73
over 6 months
Total Cost
$1,579.73
principal + interest
Loan Summary
$1,500 · 18% APR · 6 months
| Loan amount | $1,500 |
| Interest rate (APR) | 18% |
| Term | 6 months |
| Monthly payment | $263.29 |
| Total interest paid | $79.73 |
| Total cost of loan | $1,579.73 |
Loan Calculator
Monthly Payment
$263.29
Total Paid
$1,579.73
Total Interest
$79.73
$1,500 at 18% APR · 6-Month Loan FAQs
What is the monthly payment on a $1,500 loan at 18% APR for 6 months?
The monthly payment on a $1,500 loan at 18% APR over 6 months is $263.29. 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 6 months, you'll pay $79.73 in total interest on a $1,500 loan. Combined with the $1,500 you borrowed, the total amount repaid is $1,579.73.
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