Monthly Payment on a $2,500 Loan at 8% APR for 18 Months
A $2,500 loan at 8% APR repaid over 18 months has a monthly payment of $147.85. Over the full 18 months (1.5 years) term you'd pay $161.31 in total interest, bringing the total cost of the loan to $2,661.31. A 8% APR is typical for borrowers with very good credit (720+). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$147.85
at 8% APR
Total Interest
$161.31
over 18 months
Total Cost
$2,661.31
principal + interest
Loan Summary
$2,500 · 8% APR · 18 months
| Loan amount | $2,500 |
| Interest rate (APR) | 8% |
| Term | 18 months (1.5 years) |
| Monthly payment | $147.85 |
| Total interest paid | $161.31 |
| Total cost of loan | $2,661.31 |
Loan Calculator
Monthly Payment
$147.85
Total Paid
$2,661.31
Total Interest
$161.31
$2,500 at 8% APR · 18-Month Loan FAQs
What is the monthly payment on a $2,500 loan at 8% APR for 18 months?
The monthly payment on a $2,500 loan at 8% APR over 18 months is $147.85. 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 8% APR over 18 months, you'll pay $161.31 in total interest on a $2,500 loan. Combined with the $2,500 you borrowed, the total amount repaid is $2,661.31.
Is 8% a good APR for a personal loan?
A 8% APR is generally available to borrowers with very good credit (720+). This is among the lower rates lenders offer and reflects strong creditworthiness.
Same Loan at a Different APR
Explore This Loan Further
Related tools:
Loan Calculator Debt Payoff Calculator Compound Interest Calculator