Monthly Payment on a $5,000 Loan at 10% APR for 48 Months
A $5,000 loan at 10% APR repaid over 48 months has a monthly payment of $126.81. Over the full 48 months (4 years) term you'd pay $1,087.02 in total interest, bringing the total cost of the loan to $6,087.02. A 10% 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
$126.81
at 10% APR
Total Interest
$1,087.02
over 48 months
Total Cost
$6,087.02
principal + interest
Loan Summary
$5,000 · 10% APR · 48 months
| Loan amount | $5,000 |
| Interest rate (APR) | 10% |
| Term | 48 months (4 years) |
| Monthly payment | $126.81 |
| Total interest paid | $1,087.02 |
| Total cost of loan | $6,087.02 |
Loan Calculator
Monthly Payment
$126.81
Total Paid
$6,087.02
Total Interest
$1,087.02
$5,000 at 10% APR · 48-Month Loan FAQs
What is the monthly payment on a $5,000 loan at 10% APR for 48 months?
The monthly payment on a $5,000 loan at 10% APR over 48 months is $126.81. 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 $5,000 loan?
At 10% APR over 48 months, you'll pay $1,087.02 in total interest on a $5,000 loan. Combined with the $5,000 you borrowed, the total amount repaid is $6,087.02.
Is 10% a good APR for a personal loan?
A 10% 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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