Monthly Payment on a $30,000 Loan at 5% APR for 36 Months
A $30,000 loan at 5% APR repaid over 36 months has a monthly payment of $899.13. Over the full 36 months (3 years) term you'd pay $2,368.57 in total interest, bringing the total cost of the loan to $32,368.57. A 5% APR is typical for borrowers with excellent credit (760+). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$899.13
at 5% APR
Total Interest
$2,368.57
over 36 months
Total Cost
$32,368.57
principal + interest
Loan Summary
$30,000 · 5% APR · 36 months
| Loan amount | $30,000 |
| Interest rate (APR) | 5% |
| Term | 36 months (3 years) |
| Monthly payment | $899.13 |
| Total interest paid | $2,368.57 |
| Total cost of loan | $32,368.57 |
Loan Calculator
Monthly Payment
$899.13
Total Paid
$32,368.57
Total Interest
$2,368.57
$30,000 at 5% APR · 36-Month Loan FAQs
What is the monthly payment on a $30,000 loan at 5% APR for 36 months?
The monthly payment on a $30,000 loan at 5% APR over 36 months is $899.13. 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 5% APR over 36 months, you'll pay $2,368.57 in total interest on a $30,000 loan. Combined with the $30,000 you borrowed, the total amount repaid is $32,368.57.
Is 5% a good APR for a personal loan?
A 5% APR is generally available to borrowers with excellent credit (760+). This is among the lower rates lenders offer and reflects strong creditworthiness.
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