Monthly Payment on a $6,000 Loan at 18% APR for 60 Months
A $6,000 loan at 18% APR repaid over 60 months has a monthly payment of $152.36. Over the full 60 months (5 years) term you'd pay $3,141.63 in total interest, bringing the total cost of the loan to $9,141.63. 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
$152.36
at 18% APR
Total Interest
$3,141.63
over 60 months
Total Cost
$9,141.63
principal + interest
Loan Summary
$6,000 · 18% APR · 60 months
| Loan amount | $6,000 |
| Interest rate (APR) | 18% |
| Term | 60 months (5 years) |
| Monthly payment | $152.36 |
| Total interest paid | $3,141.63 |
| Total cost of loan | $9,141.63 |
Loan Calculator
Monthly Payment
$152.36
Total Paid
$9,141.63
Total Interest
$3,141.63
$6,000 at 18% APR · 60-Month Loan FAQs
What is the monthly payment on a $6,000 loan at 18% APR for 60 months?
The monthly payment on a $6,000 loan at 18% APR over 60 months is $152.36. 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 60 months, you'll pay $3,141.63 in total interest on a $6,000 loan. Combined with the $6,000 you borrowed, the total amount repaid is $9,141.63.
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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