Monthly Payment on a $1,500 Loan at 9% APR for 6 Months
A $1,500 loan at 9% APR repaid over 6 months has a monthly payment of $256.60. Over the full 6 months term you'd pay $39.62 in total interest, bringing the total cost of the loan to $1,539.62. 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
$256.60
at 9% APR
Total Interest
$39.62
over 6 months
Total Cost
$1,539.62
principal + interest
Loan Summary
$1,500 · 9% APR · 6 months
| Loan amount | $1,500 |
| Interest rate (APR) | 9% |
| Term | 6 months |
| Monthly payment | $256.60 |
| Total interest paid | $39.62 |
| Total cost of loan | $1,539.62 |
Loan Calculator
Monthly Payment
$256.60
Total Paid
$1,539.62
Total Interest
$39.62
$1,500 at 9% APR · 6-Month Loan FAQs
What is the monthly payment on a $1,500 loan at 9% APR for 6 months?
The monthly payment on a $1,500 loan at 9% APR over 6 months is $256.60. 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 6 months, you'll pay $39.62 in total interest on a $1,500 loan. Combined with the $1,500 you borrowed, the total amount repaid is $1,539.62.
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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