Monthly Payment on a $6,000 Loan at 18% APR for 24 Months
A $6,000 loan at 18% APR repaid over 24 months has a monthly payment of $299.54. Over the full 24 months (2 years) term you'd pay $1,189.07 in total interest, bringing the total cost of the loan to $7,189.07. 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
$299.54
at 18% APR
Total Interest
$1,189.07
over 24 months
Total Cost
$7,189.07
principal + interest
Loan Summary
$6,000 · 18% APR · 24 months
| Loan amount | $6,000 |
| Interest rate (APR) | 18% |
| Term | 24 months (2 years) |
| Monthly payment | $299.54 |
| Total interest paid | $1,189.07 |
| Total cost of loan | $7,189.07 |
Loan Calculator
Monthly Payment
$299.54
Total Paid
$7,189.07
Total Interest
$1,189.07
$6,000 at 18% APR · 24-Month Loan FAQs
What is the monthly payment on a $6,000 loan at 18% APR for 24 months?
The monthly payment on a $6,000 loan at 18% APR over 24 months is $299.54. 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 $6,000 loan?
At 18% APR over 24 months, you'll pay $1,189.07 in total interest on a $6,000 loan. Combined with the $6,000 you borrowed, the total amount repaid is $7,189.07.
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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