Monthly Payment on a $2,500 Loan at 10% APR for 12 Months
A $2,500 loan at 10% APR repaid over 12 months has a monthly payment of $219.79. Over the full 12 months (1 year) term you'd pay $137.48 in total interest, bringing the total cost of the loan to $2,637.48. A 10% 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
$219.79
at 10% APR
Total Interest
$137.48
over 12 months
Total Cost
$2,637.48
principal + interest
Loan Summary
$2,500 · 10% APR · 12 months
| Loan amount | $2,500 |
| Interest rate (APR) | 10% |
| Term | 12 months (1 year) |
| Monthly payment | $219.79 |
| Total interest paid | $137.48 |
| Total cost of loan | $2,637.48 |
Loan Calculator
Monthly Payment
$219.79
Total Paid
$2,637.48
Total Interest
$137.48
$2,500 at 10% APR · 12-Month Loan FAQs
What is the monthly payment on a $2,500 loan at 10% APR for 12 months?
The monthly payment on a $2,500 loan at 10% APR over 12 months is $219.79. 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 $2,500 loan?
At 10% APR over 12 months, you'll pay $137.48 in total interest on a $2,500 loan. Combined with the $2,500 you borrowed, the total amount repaid is $2,637.48.
Is 10% a good APR for a personal loan?
A 10% 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