Monthly Payment on a $3,000 Loan at 18% APR for 48 Months
A $3,000 loan at 18% APR repaid over 48 months has a monthly payment of $88.12. Over the full 48 months (4 years) term you'd pay $1,230.00 in total interest, bringing the total cost of the loan to $4,230.00. 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
$88.12
at 18% APR
Total Interest
$1,230.00
over 48 months
Total Cost
$4,230.00
principal + interest
Loan Summary
$3,000 · 18% APR · 48 months
| Loan amount | $3,000 |
| Interest rate (APR) | 18% |
| Term | 48 months (4 years) |
| Monthly payment | $88.12 |
| Total interest paid | $1,230.00 |
| Total cost of loan | $4,230.00 |
Loan Calculator
Monthly Payment
$88.12
Total Paid
$4,230.00
Total Interest
$1,230.00
$3,000 at 18% APR · 48-Month Loan FAQs
What is the monthly payment on a $3,000 loan at 18% APR for 48 months?
The monthly payment on a $3,000 loan at 18% APR over 48 months is $88.12. 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 48 months, you'll pay $1,230.00 in total interest on a $3,000 loan. Combined with the $3,000 you borrowed, the total amount repaid is $4,230.00.
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.
Same Loan at a Different APR
Explore This Loan Further
Related tools:
Loan Calculator Debt Payoff Calculator Compound Interest Calculator