Monthly Payment on a $4,000 Loan at 9% APR for 12 Months
A $4,000 loan at 9% APR repaid over 12 months has a monthly payment of $349.81. Over the full 12 months (1 year) term you'd pay $197.67 in total interest, bringing the total cost of the loan to $4,197.67. A 9% APR is typical for borrowers with very good credit (720+). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$349.81
at 9% APR
Total Interest
$197.67
over 12 months
Total Cost
$4,197.67
principal + interest
Loan Summary
$4,000 · 9% APR · 12 months
| Loan amount | $4,000 |
| Interest rate (APR) | 9% |
| Term | 12 months (1 year) |
| Monthly payment | $349.81 |
| Total interest paid | $197.67 |
| Total cost of loan | $4,197.67 |
Loan Calculator
Monthly Payment
$349.81
Total Paid
$4,197.67
Total Interest
$197.67
$4,000 at 9% APR · 12-Month Loan FAQs
What is the monthly payment on a $4,000 loan at 9% APR for 12 months?
The monthly payment on a $4,000 loan at 9% APR over 12 months is $349.81. 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 $4,000 loan?
At 9% APR over 12 months, you'll pay $197.67 in total interest on a $4,000 loan. Combined with the $4,000 you borrowed, the total amount repaid is $4,197.67.
Is 9% a good APR for a personal loan?
A 9% APR is generally available to borrowers with very good credit (720+). This is among the lower rates lenders offer and reflects strong creditworthiness.
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