Monthly Payment on a $2,500 Loan at 18% APR for 12 Months
A $2,500 loan at 18% APR repaid over 12 months has a monthly payment of $229.20. Over the full 12 months (1 year) term you'd pay $250.40 in total interest, bringing the total cost of the loan to $2,750.40. A 18% 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
$229.20
at 18% APR
Total Interest
$250.40
over 12 months
Total Cost
$2,750.40
principal + interest
Loan Summary
$2,500 · 18% APR · 12 months
| Loan amount | $2,500 |
| Interest rate (APR) | 18% |
| Term | 12 months (1 year) |
| Monthly payment | $229.20 |
| Total interest paid | $250.40 |
| Total cost of loan | $2,750.40 |
Loan Calculator
Monthly Payment
$229.20
Total Paid
$2,750.40
Total Interest
$250.40
$2,500 at 18% APR · 12-Month Loan FAQs
What is the monthly payment on a $2,500 loan at 18% APR for 12 months?
The monthly payment on a $2,500 loan at 18% APR over 12 months is $229.20. 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 18% APR over 12 months, you'll pay $250.40 in total interest on a $2,500 loan. Combined with the $2,500 you borrowed, the total amount repaid is $2,750.40.
Is 18% a good APR for a personal loan?
A 18% 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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