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$1,500 Loan Calculator — 60 Month Term

At the average personal loan rate of 11%, a $1,500 loan over 60 months costs $32.61/month with $456.82 in total interest. Use the calculator below or compare rates across all credit tiers.

Monthly Payment

$32.61

at 11% APR

Total Interest

$456.82

at 11% APR

Total Paid

$1,956.82

over 60 months

Payment Comparison by Credit Score

$1,500 loan · 60 months

Credit Tier APR Monthly Total Interest Total Paid
Excellent (760+) 5% $28.31 $198.41 $1,698.41
Very Good (720+) 7% $29.70 $282.11 $1,782.11
Good (690+) 10% $31.87 $412.23 $1,912.23
Fair (660+) 13% $34.13 $547.78 $2,047.78
Poor (620+) 17% $37.28 $736.73 $2,236.73
Bad (<620) 21% $40.58 $934.80 $2,434.80

Loan Calculator

$

Monthly Payment

$32.61

Total Paid

$1,956.82

Total Interest

$456.82

PrincipalInterest
76.7%23.3%

Amortization Schedule

$1,500 at 11% APR — 60 payments of $32.61

Mo Payment Principal Interest Balance
1 $32.61 $18.86 $13.75 $1,481
2 $32.61 $19.04 $13.58 $1,462
3 $32.61 $19.21 $13.40 $1,443
4 $32.61 $19.39 $13.23 $1,424
5 $32.61 $19.56 $13.05 $1,404
6 $32.61 $19.74 $12.87 $1,384
7 $32.61 $19.93 $12.69 $1,364
8 $32.61 $20.11 $12.51 $1,344
9 $32.61 $20.29 $12.32 $1,324
10 $32.61 $20.48 $12.14 $1,303
11 $32.61 $20.67 $11.95 $1,283
12 $32.61 $20.86 $11.76 $1,262
13 $32.61 $21.05 $11.57 $1,241
14 $32.61 $21.24 $11.37 $1,220
15 $32.61 $21.43 $11.18 $1,198
16 $32.61 $21.63 $10.98 $1,177
17 $32.61 $21.83 $10.78 $1,155
18 $32.61 $22.03 $10.58 $1,133
19 $32.61 $22.23 $10.38 $1,110
20 $32.61 $22.43 $10.18 $1,088
21 $32.61 $22.64 $9.97 $1,065
22 $32.61 $22.85 $9.77 $1,043
23 $32.61 $23.06 $9.56 $1,019
24 $32.61 $23.27 $9.34 $996
25 $32.61 $23.48 $9.13 $973
26 $32.61 $23.70 $8.92 $949
27 $32.61 $23.91 $8.70 $925
28 $32.61 $24.13 $8.48 $901
29 $32.61 $24.35 $8.26 $877
30 $32.61 $24.58 $8.04 $852
31 $32.61 $24.80 $7.81 $827
32 $32.61 $25.03 $7.58 $802
33 $32.61 $25.26 $7.35 $777
34 $32.61 $25.49 $7.12 $751
35 $32.61 $25.73 $6.89 $726
36 $32.61 $25.96 $6.65 $700
37 $32.61 $26.20 $6.41 $674
38 $32.61 $26.44 $6.17 $647
39 $32.61 $26.68 $5.93 $620
40 $32.61 $26.93 $5.69 $593
41 $32.61 $27.17 $5.44 $566
42 $32.61 $27.42 $5.19 $539
43 $32.61 $27.67 $4.94 $511
44 $32.61 $27.93 $4.69 $483
45 $32.61 $28.18 $4.43 $455
46 $32.61 $28.44 $4.17 $427
47 $32.61 $28.70 $3.91 $398
48 $32.61 $28.97 $3.65 $369
49 $32.61 $29.23 $3.38 $340
50 $32.61 $29.50 $3.11 $310
51 $32.61 $29.77 $2.84 $281
52 $32.61 $30.04 $2.57 $250
53 $32.61 $30.32 $2.30 $220
54 $32.61 $30.60 $2.02 $190
55 $32.61 $30.88 $1.74 $159
56 $32.61 $31.16 $1.45 $128
57 $32.61 $31.44 $1.17 $96
58 $32.61 $31.73 $0.88 $64
59 $32.61 $32.02 $0.59 $32
60 $32.61 $32.32 $0.30 $0

$1,500 · 60-Month Loan FAQs

What is the monthly payment on a $1,500 loan for 60 months?

At the national average rate of 11%, your monthly payment on a $1,500, 60-month loan is approximately $32.61. Over the life of the loan you'd pay $456.82 in interest for a total of $1,956.82.

How does the term length affect my $1,500 loan payment?

A shorter term means higher monthly payments but less total interest. For $1,500: a 12-month loan at 11% costs $132.57/mo, while a 60-month loan costs $32.61/mo but you'd pay $365.95 more in total interest.

What credit score do I need for a $1,500 personal loan?

For a $1,500 personal loan, most lenders require a minimum score of 580–620. Borrowers with scores above 720 qualify for the best rates (around 5–7%), while scores below 620 may face rates of 20%+.

Is 60 months a good term for a $1,500 loan?

A 60-month term keeps monthly payments low at $32.61, but you'll pay $456.82 in total interest at 11%. Consider making extra payments when possible to cut the term and save on interest.

Other Terms for a $1,500 Loan

Use custom calculator $1,500 · 24 months $1,500 · 30 months $1,500 · 36 months $1,500 · 48 months $1,500 · 84 months

Other Amounts for a 60-Month Loan

$500 · 60 months $1,000 · 60 months $2,000 · 60 months $2,500 · 60 months $3,000 · 60 months $4,000 · 60 months

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