Monthly Payment on a $30,000 Loan at 18% APR for 30 Months
A $30,000 loan at 18% APR repaid over 30 months has a monthly payment of $1,249.18. Over the full 30 months (2.5 years) term you'd pay $7,475.27 in total interest, bringing the total cost of the loan to $37,475.27. 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
$1,249.18
at 18% APR
Total Interest
$7,475.27
over 30 months
Total Cost
$37,475.27
principal + interest
Loan Summary
$30,000 · 18% APR · 30 months
| Loan amount | $30,000 |
| Interest rate (APR) | 18% |
| Term | 30 months (2.5 years) |
| Monthly payment | $1,249.18 |
| Total interest paid | $7,475.27 |
| Total cost of loan | $37,475.27 |
Loan Calculator
Monthly Payment
$1,249.18
Total Paid
$37,475.27
Total Interest
$7,475.27
$30,000 at 18% APR · 30-Month Loan FAQs
What is the monthly payment on a $30,000 loan at 18% APR for 30 months?
The monthly payment on a $30,000 loan at 18% APR over 30 months is $1,249.18. 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 18% APR over 30 months, you'll pay $7,475.27 in total interest on a $30,000 loan. Combined with the $30,000 you borrowed, the total amount repaid is $37,475.27.
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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