Monthly Payment on a $2,000 Loan at 28% APR for 18 Months
A $2,000 loan at 28% APR repaid over 18 months has a monthly payment of $137.35. Over the full 18 months (1.5 years) term you'd pay $472.22 in total interest, bringing the total cost of the loan to $2,472.22. A 28% APR is typical for borrowers with poor or building credit (below 630). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$137.35
at 28% APR
Total Interest
$472.22
over 18 months
Total Cost
$2,472.22
principal + interest
Loan Summary
$2,000 · 28% APR · 18 months
| Loan amount | $2,000 |
| Interest rate (APR) | 28% |
| Term | 18 months (1.5 years) |
| Monthly payment | $137.35 |
| Total interest paid | $472.22 |
| Total cost of loan | $2,472.22 |
Loan Calculator
Monthly Payment
$137.35
Total Paid
$2,472.22
Total Interest
$472.22
$2,000 at 28% APR · 18-Month Loan FAQs
What is the monthly payment on a $2,000 loan at 28% APR for 18 months?
The monthly payment on a $2,000 loan at 28% APR over 18 months is $137.35. 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 $2,000 loan?
At 28% APR over 18 months, you'll pay $472.22 in total interest on a $2,000 loan. Combined with the $2,000 you borrowed, the total amount repaid is $2,472.22.
Is 28% a good APR for a personal loan?
A 28% APR is generally available to borrowers with poor or building credit (below 630). This is on the higher end. Shopping multiple lenders, reducing your debt-to-income ratio, or improving your credit before applying can lower your rate substantially.
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