Monthly Payment on a $30,000 Loan at 12% APR for 18 Months
A $30,000 loan at 12% APR repaid over 18 months has a monthly payment of $1,829.46. Over the full 18 months (1.5 years) term you'd pay $2,930.31 in total interest, bringing the total cost of the loan to $32,930.31. A 12% APR is typical for borrowers with good credit (690+). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$1,829.46
at 12% APR
Total Interest
$2,930.31
over 18 months
Total Cost
$32,930.31
principal + interest
Loan Summary
$30,000 · 12% APR · 18 months
| Loan amount | $30,000 |
| Interest rate (APR) | 12% |
| Term | 18 months (1.5 years) |
| Monthly payment | $1,829.46 |
| Total interest paid | $2,930.31 |
| Total cost of loan | $32,930.31 |
Loan Calculator
Monthly Payment
$1,829.46
Total Paid
$32,930.31
Total Interest
$2,930.31
$30,000 at 12% APR · 18-Month Loan FAQs
What is the monthly payment on a $30,000 loan at 12% APR for 18 months?
The monthly payment on a $30,000 loan at 12% APR over 18 months is $1,829.46. 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 $30,000 loan?
At 12% APR over 18 months, you'll pay $2,930.31 in total interest on a $30,000 loan. Combined with the $30,000 you borrowed, the total amount repaid is $32,930.31.
Is 12% a good APR for a personal loan?
A 12% APR is generally available to borrowers with good credit (690+). 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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