$3,000 Loan Calculator — 18 Month Term
At the average personal loan rate of 11%, a $3,000 loan over 18 months costs $181.56/month with $268.00 in total interest. Use the calculator below or compare rates across all credit tiers.
Monthly Payment
$181.56
at 11% APR
Total Interest
$268.00
at 11% APR
Total Paid
$3,268.00
over 18 months
Payment Comparison by Credit Score
$3,000 loan · 18 months
| Credit Tier | APR | Monthly | Total Interest | Total Paid |
|---|---|---|---|---|
| Excellent (760+) | 5% | $173.34 | $120.15 | $3,120.15 |
| Very Good (720+) | 7% | $176.05 | $168.99 | $3,168.99 |
| Good (690+) | 10% | $180.17 | $243.08 | $3,243.08 |
| Fair (660+) | 13% | $184.34 | $318.17 | $3,318.17 |
| Poor (620+) | 17% | $189.99 | $419.83 | $3,419.83 |
| Bad (<620) | 21% | $195.73 | $523.23 | $3,523.23 |
Loan Calculator
Monthly Payment
$181.56
Total Paid
$3,268.00
Total Interest
$268.00
$3,000 · 18-Month Loan FAQs
What is the monthly payment on a $3,000 loan for 18 months?
At the national average rate of 11%, your monthly payment on a $3,000, 18-month loan is approximately $181.56. Over the life of the loan you'd pay $268.00 in interest for a total of $3,268.00.
How does the term length affect my $3,000 loan payment?
A shorter term means higher monthly payments but less total interest. For $3,000: a 12-month loan at 11% costs $265.14/mo, while a 60-month loan costs $65.23/mo but you'd pay $731.90 more in total interest.
What credit score do I need for a $3,000 personal loan?
For a $3,000 personal loan, most lenders require a minimum score of 580–620. Borrowers with scores above 720 qualify for the best rates (around 5–7%), while scores below 620 may face rates of 20%+.
Is 18 months a good term for a $3,000 loan?
A 18-month term keeps total interest costs low — you'd pay only $268.00 at 11% — but the monthly payment of $181.56 is higher. This is ideal if you can comfortably afford the payment and want to get out of debt quickly.
Other Terms for a $3,000 Loan
Other Amounts for a 18-Month Loan
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