Monthly Payment on a $15,000 Loan at 6% APR for 18 Months
A $15,000 loan at 6% APR repaid over 18 months has a monthly payment of $873.48. Over the full 18 months (1.5 years) term you'd pay $722.57 in total interest, bringing the total cost of the loan to $15,722.57. A 6% APR is typical for borrowers with excellent credit (760+). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$873.48
at 6% APR
Total Interest
$722.57
over 18 months
Total Cost
$15,722.57
principal + interest
Loan Summary
$15,000 · 6% APR · 18 months
| Loan amount | $15,000 |
| Interest rate (APR) | 6% |
| Term | 18 months (1.5 years) |
| Monthly payment | $873.48 |
| Total interest paid | $722.57 |
| Total cost of loan | $15,722.57 |
Loan Calculator
Monthly Payment
$873.48
Total Paid
$15,722.57
Total Interest
$722.57
$15,000 at 6% APR · 18-Month Loan FAQs
What is the monthly payment on a $15,000 loan at 6% APR for 18 months?
The monthly payment on a $15,000 loan at 6% APR over 18 months is $873.48. 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 6% APR over 18 months, you'll pay $722.57 in total interest on a $15,000 loan. Combined with the $15,000 you borrowed, the total amount repaid is $15,722.57.
Is 6% a good APR for a personal loan?
A 6% APR is generally available to borrowers with excellent credit (760+). This is among the lower rates lenders offer and reflects strong creditworthiness.
Same Loan at a Different APR
Explore This Loan Further
Related tools:
Loan Calculator Debt Payoff Calculator Compound Interest Calculator