Monthly Payment on a $15,000 Loan at 11% APR for 12 Months
A $15,000 loan at 11% APR repaid over 12 months has a monthly payment of $1,325.72. Over the full 12 months (1 year) term you'd pay $908.70 in total interest, bringing the total cost of the loan to $15,908.70. A 11% 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
$1,325.72
at 11% APR
Total Interest
$908.70
over 12 months
Total Cost
$15,908.70
principal + interest
Loan Summary
$15,000 · 11% APR · 12 months
| Loan amount | $15,000 |
| Interest rate (APR) | 11% |
| Term | 12 months (1 year) |
| Monthly payment | $1,325.72 |
| Total interest paid | $908.70 |
| Total cost of loan | $15,908.70 |
Loan Calculator
Monthly Payment
$1,325.72
Total Paid
$15,908.70
Total Interest
$908.70
$15,000 at 11% APR · 12-Month Loan FAQs
What is the monthly payment on a $15,000 loan at 11% APR for 12 months?
The monthly payment on a $15,000 loan at 11% APR over 12 months is $1,325.72. 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 $15,000 loan?
At 11% APR over 12 months, you'll pay $908.70 in total interest on a $15,000 loan. Combined with the $15,000 you borrowed, the total amount repaid is $15,908.70.
Is 11% a good APR for a personal loan?
A 11% 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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