Monthly Payment on a $30,000 Loan at 24% APR for 30 Months
A $30,000 loan at 24% APR repaid over 30 months has a monthly payment of $1,339.50. Over the full 30 months (2.5 years) term you'd pay $10,184.93 in total interest, bringing the total cost of the loan to $40,184.93. A 24% APR is typical for borrowers with poor or building credit (below 630). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$1,339.50
at 24% APR
Total Interest
$10,184.93
over 30 months
Total Cost
$40,184.93
principal + interest
Loan Summary
$30,000 · 24% APR · 30 months
| Loan amount | $30,000 |
| Interest rate (APR) | 24% |
| Term | 30 months (2.5 years) |
| Monthly payment | $1,339.50 |
| Total interest paid | $10,184.93 |
| Total cost of loan | $40,184.93 |
Loan Calculator
Monthly Payment
$1,339.50
Total Paid
$40,184.93
Total Interest
$10,184.93
$30,000 at 24% APR · 30-Month Loan FAQs
What is the monthly payment on a $30,000 loan at 24% APR for 30 months?
The monthly payment on a $30,000 loan at 24% APR over 30 months is $1,339.50. 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 24% APR over 30 months, you'll pay $10,184.93 in total interest on a $30,000 loan. Combined with the $30,000 you borrowed, the total amount repaid is $40,184.93.
Is 24% a good APR for a personal loan?
A 24% APR is generally available to borrowers with poor or building credit (below 630). This is on the higher end. Shopping multiple lenders, reducing your debt-to-income ratio, or improving your credit before applying can lower your rate substantially.
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