Monthly Payment on a $5,000 Loan at 18% APR for 18 Months
A $5,000 loan at 18% APR repaid over 18 months has a monthly payment of $319.03. Over the full 18 months (1.5 years) term you'd pay $742.52 in total interest, bringing the total cost of the loan to $5,742.52. A 18% 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
$319.03
at 18% APR
Total Interest
$742.52
over 18 months
Total Cost
$5,742.52
principal + interest
Loan Summary
$5,000 · 18% APR · 18 months
| Loan amount | $5,000 |
| Interest rate (APR) | 18% |
| Term | 18 months (1.5 years) |
| Monthly payment | $319.03 |
| Total interest paid | $742.52 |
| Total cost of loan | $5,742.52 |
Loan Calculator
Monthly Payment
$319.03
Total Paid
$5,742.52
Total Interest
$742.52
$5,000 at 18% APR · 18-Month Loan FAQs
What is the monthly payment on a $5,000 loan at 18% APR for 18 months?
The monthly payment on a $5,000 loan at 18% APR over 18 months is $319.03. 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 18% APR over 18 months, you'll pay $742.52 in total interest on a $5,000 loan. Combined with the $5,000 you borrowed, the total amount repaid is $5,742.52.
Is 18% a good APR for a personal loan?
A 18% 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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