Monthly Payment on a $15,000 Loan at 11% APR for 24 Months
A $15,000 loan at 11% APR repaid over 24 months has a monthly payment of $699.12. Over the full 24 months (2 years) term you'd pay $1,778.82 in total interest, bringing the total cost of the loan to $16,778.82. 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
$699.12
at 11% APR
Total Interest
$1,778.82
over 24 months
Total Cost
$16,778.82
principal + interest
Loan Summary
$15,000 · 11% APR · 24 months
| Loan amount | $15,000 |
| Interest rate (APR) | 11% |
| Term | 24 months (2 years) |
| Monthly payment | $699.12 |
| Total interest paid | $1,778.82 |
| Total cost of loan | $16,778.82 |
Loan Calculator
Monthly Payment
$699.12
Total Paid
$16,778.82
Total Interest
$1,778.82
$15,000 at 11% APR · 24-Month Loan FAQs
What is the monthly payment on a $15,000 loan at 11% APR for 24 months?
The monthly payment on a $15,000 loan at 11% APR over 24 months is $699.12. 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 24 months, you'll pay $1,778.82 in total interest on a $15,000 loan. Combined with the $15,000 you borrowed, the total amount repaid is $16,778.82.
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.
Same Loan at a Different APR
Explore This Loan Further
Related tools:
Loan Calculator Debt Payoff Calculator Compound Interest Calculator