Monthly Payment on a $8,000 Loan at 9% APR for 18 Months
A $8,000 loan at 9% APR repaid over 18 months has a monthly payment of $476.78. Over the full 18 months (1.5 years) term you'd pay $582.06 in total interest, bringing the total cost of the loan to $8,582.06. A 9% APR is typical for borrowers with very good credit (720+). Adjust the figures in the calculator below to see how a different rate, amount, or term changes your payment.
Monthly Payment
$476.78
at 9% APR
Total Interest
$582.06
over 18 months
Total Cost
$8,582.06
principal + interest
Loan Summary
$8,000 · 9% APR · 18 months
| Loan amount | $8,000 |
| Interest rate (APR) | 9% |
| Term | 18 months (1.5 years) |
| Monthly payment | $476.78 |
| Total interest paid | $582.06 |
| Total cost of loan | $8,582.06 |
Loan Calculator
Monthly Payment
$476.78
Total Paid
$8,582.06
Total Interest
$582.06
$8,000 at 9% APR · 18-Month Loan FAQs
What is the monthly payment on a $8,000 loan at 9% APR for 18 months?
The monthly payment on a $8,000 loan at 9% APR over 18 months is $476.78. 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 $8,000 loan?
At 9% APR over 18 months, you'll pay $582.06 in total interest on a $8,000 loan. Combined with the $8,000 you borrowed, the total amount repaid is $8,582.06.
Is 9% a good APR for a personal loan?
A 9% APR is generally available to borrowers with very good credit (720+). This is among the lower rates lenders offer and reflects strong creditworthiness.
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