Monthly Payment on a $3,000 Loan at 18% APR for 36 Months
A $3,000 loan at 18% APR repaid over 36 months has a monthly payment of $108.46. Over the full 36 months (3 years) term you'd pay $904.46 in total interest, bringing the total cost of the loan to $3,904.46. 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
$108.46
at 18% APR
Total Interest
$904.46
over 36 months
Total Cost
$3,904.46
principal + interest
Loan Summary
$3,000 · 18% APR · 36 months
| Loan amount | $3,000 |
| Interest rate (APR) | 18% |
| Term | 36 months (3 years) |
| Monthly payment | $108.46 |
| Total interest paid | $904.46 |
| Total cost of loan | $3,904.46 |
Loan Calculator
Monthly Payment
$108.46
Total Paid
$3,904.46
Total Interest
$904.46
$3,000 at 18% APR · 36-Month Loan FAQs
What is the monthly payment on a $3,000 loan at 18% APR for 36 months?
The monthly payment on a $3,000 loan at 18% APR over 36 months is $108.46. 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 $3,000 loan?
At 18% APR over 36 months, you'll pay $904.46 in total interest on a $3,000 loan. Combined with the $3,000 you borrowed, the total amount repaid is $3,904.46.
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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