Monthly Payment on a $5,000 Loan at 12% APR for 12 Months
A $5,000 loan at 12% APR repaid over 12 months has a monthly payment of $444.24. Over the full 12 months (1 year) term you'd pay $330.93 in total interest, bringing the total cost of the loan to $5,330.93. A 12% APR is typical for borrowers with good credit (690+). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$444.24
at 12% APR
Total Interest
$330.93
over 12 months
Total Cost
$5,330.93
principal + interest
Loan Summary
$5,000 · 12% APR · 12 months
| Loan amount | $5,000 |
| Interest rate (APR) | 12% |
| Term | 12 months (1 year) |
| Monthly payment | $444.24 |
| Total interest paid | $330.93 |
| Total cost of loan | $5,330.93 |
Loan Calculator
Monthly Payment
$444.24
Total Paid
$5,330.93
Total Interest
$330.93
$5,000 at 12% APR · 12-Month Loan FAQs
What is the monthly payment on a $5,000 loan at 12% APR for 12 months?
The monthly payment on a $5,000 loan at 12% APR over 12 months is $444.24. 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 $5,000 loan?
At 12% APR over 12 months, you'll pay $330.93 in total interest on a $5,000 loan. Combined with the $5,000 you borrowed, the total amount repaid is $5,330.93.
Is 12% a good APR for a personal loan?
A 12% APR is generally available to borrowers with good credit (690+). 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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