Monthly Payment on a $60,000 Loan at 10% APR for 24 Months
A $60,000 loan at 10% APR repaid over 24 months has a monthly payment of $2,768.70. Over the full 24 months (2 years) term you'd pay $6,448.69 in total interest, bringing the total cost of the loan to $66,448.69. 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
$2,768.70
at 10% APR
Total Interest
$6,448.69
over 24 months
Total Cost
$66,448.69
principal + interest
Loan Summary
$60,000 · 10% APR · 24 months
| Loan amount | $60,000 |
| Interest rate (APR) | 10% |
| Term | 24 months (2 years) |
| Monthly payment | $2,768.70 |
| Total interest paid | $6,448.69 |
| Total cost of loan | $66,448.69 |
Loan Calculator
Monthly Payment
$2,768.70
Total Paid
$66,448.69
Total Interest
$6,448.69
$60,000 at 10% APR · 24-Month Loan FAQs
What is the monthly payment on a $60,000 loan at 10% APR for 24 months?
The monthly payment on a $60,000 loan at 10% APR over 24 months is $2,768.70. 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 $60,000 loan?
At 10% APR over 24 months, you'll pay $6,448.69 in total interest on a $60,000 loan. Combined with the $60,000 you borrowed, the total amount repaid is $66,448.69.
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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