Monthly Payment on a $25,000 Loan at 28% APR for 24 Months
A $25,000 loan at 28% APR repaid over 24 months has a monthly payment of $1,372.21. Over the full 24 months (2 years) term you'd pay $7,933.10 in total interest, bringing the total cost of the loan to $32,933.10. A 28% 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
$1,372.21
at 28% APR
Total Interest
$7,933.10
over 24 months
Total Cost
$32,933.10
principal + interest
Loan Summary
$25,000 · 28% APR · 24 months
| Loan amount | $25,000 |
| Interest rate (APR) | 28% |
| Term | 24 months (2 years) |
| Monthly payment | $1,372.21 |
| Total interest paid | $7,933.10 |
| Total cost of loan | $32,933.10 |
Loan Calculator
Monthly Payment
$1,372.21
Total Paid
$32,933.10
Total Interest
$7,933.10
$25,000 at 28% APR · 24-Month Loan FAQs
What is the monthly payment on a $25,000 loan at 28% APR for 24 months?
The monthly payment on a $25,000 loan at 28% APR over 24 months is $1,372.21. 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 $25,000 loan?
At 28% APR over 24 months, you'll pay $7,933.10 in total interest on a $25,000 loan. Combined with the $25,000 you borrowed, the total amount repaid is $32,933.10.
Is 28% a good APR for a personal loan?
A 28% 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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