Monthly Payment on a $2,500 Loan at 14% APR for 12 Months
A $2,500 loan at 14% APR repaid over 12 months has a monthly payment of $224.47. Over the full 12 months (1 year) term you'd pay $193.61 in total interest, bringing the total cost of the loan to $2,693.61. A 14% APR is typical for borrowers with fair credit (630–689). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$224.47
at 14% APR
Total Interest
$193.61
over 12 months
Total Cost
$2,693.61
principal + interest
Loan Summary
$2,500 · 14% APR · 12 months
| Loan amount | $2,500 |
| Interest rate (APR) | 14% |
| Term | 12 months (1 year) |
| Monthly payment | $224.47 |
| Total interest paid | $193.61 |
| Total cost of loan | $2,693.61 |
Loan Calculator
Monthly Payment
$224.47
Total Paid
$2,693.61
Total Interest
$193.61
$2,500 at 14% APR · 12-Month Loan FAQs
What is the monthly payment on a $2,500 loan at 14% APR for 12 months?
The monthly payment on a $2,500 loan at 14% APR over 12 months is $224.47. 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 14% APR over 12 months, you'll pay $193.61 in total interest on a $2,500 loan. Combined with the $2,500 you borrowed, the total amount repaid is $2,693.61.
Is 14% a good APR for a personal loan?
A 14% APR is generally available to borrowers with fair credit (630–689). 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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