Monthly Payment on a $5,000 Loan at 12% APR for 30 Months
A $5,000 loan at 12% APR repaid over 30 months has a monthly payment of $193.74. Over the full 30 months (2.5 years) term you'd pay $812.22 in total interest, bringing the total cost of the loan to $5,812.22. 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
$193.74
at 12% APR
Total Interest
$812.22
over 30 months
Total Cost
$5,812.22
principal + interest
Loan Summary
$5,000 · 12% APR · 30 months
| Loan amount | $5,000 |
| Interest rate (APR) | 12% |
| Term | 30 months (2.5 years) |
| Monthly payment | $193.74 |
| Total interest paid | $812.22 |
| Total cost of loan | $5,812.22 |
Loan Calculator
Monthly Payment
$193.74
Total Paid
$5,812.22
Total Interest
$812.22
$5,000 at 12% APR · 30-Month Loan FAQs
What is the monthly payment on a $5,000 loan at 12% APR for 30 months?
The monthly payment on a $5,000 loan at 12% APR over 30 months is $193.74. 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 30 months, you'll pay $812.22 in total interest on a $5,000 loan. Combined with the $5,000 you borrowed, the total amount repaid is $5,812.22.
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.
Same Loan at a Different APR
Explore This Loan Further
Related tools:
Loan Calculator Debt Payoff Calculator Compound Interest Calculator