Monthly Payment on a $500 Loan at 14% APR for 12 Months
A $500 loan at 14% APR repaid over 12 months has a monthly payment of $44.89. Over the full 12 months (1 year) term you'd pay $38.72 in total interest, bringing the total cost of the loan to $538.72. A 14% 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
$44.89
at 14% APR
Total Interest
$38.72
over 12 months
Total Cost
$538.72
principal + interest
Loan Summary
$500 · 14% APR · 12 months
| Loan amount | $500 |
| Interest rate (APR) | 14% |
| Term | 12 months (1 year) |
| Monthly payment | $44.89 |
| Total interest paid | $38.72 |
| Total cost of loan | $538.72 |
Loan Calculator
Monthly Payment
$44.89
Total Paid
$538.72
Total Interest
$38.72
$500 at 14% APR · 12-Month Loan FAQs
What is the monthly payment on a $500 loan at 14% APR for 12 months?
The monthly payment on a $500 loan at 14% APR over 12 months is $44.89. 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 $500 loan?
At 14% APR over 12 months, you'll pay $38.72 in total interest on a $500 loan. Combined with the $500 you borrowed, the total amount repaid is $538.72.
Is 14% a good APR for a personal loan?
A 14% 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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