Monthly Payment on a $2,500 Loan at 24% APR for 24 Months
A $2,500 loan at 24% APR repaid over 24 months has a monthly payment of $132.18. Over the full 24 months (2 years) term you'd pay $672.27 in total interest, bringing the total cost of the loan to $3,172.27. A 24% 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
$132.18
at 24% APR
Total Interest
$672.27
over 24 months
Total Cost
$3,172.27
principal + interest
Loan Summary
$2,500 · 24% APR · 24 months
| Loan amount | $2,500 |
| Interest rate (APR) | 24% |
| Term | 24 months (2 years) |
| Monthly payment | $132.18 |
| Total interest paid | $672.27 |
| Total cost of loan | $3,172.27 |
Loan Calculator
Monthly Payment
$132.18
Total Paid
$3,172.27
Total Interest
$672.27
$2,500 at 24% APR · 24-Month Loan FAQs
What is the monthly payment on a $2,500 loan at 24% APR for 24 months?
The monthly payment on a $2,500 loan at 24% APR over 24 months is $132.18. 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 24% APR over 24 months, you'll pay $672.27 in total interest on a $2,500 loan. Combined with the $2,500 you borrowed, the total amount repaid is $3,172.27.
Is 24% a good APR for a personal loan?
A 24% 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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