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$1,000 personal loan over 12 months
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$88.85/mo
$1,000 personal loan · 12 months (1 years) · 12% APR
Payment by APR
| APR | Monthly | Total interest | Total repaid |
|---|---|---|---|
| 6% | $86.07 | $33 | $1,033 |
| 8% | $86.99 | $44 | $1,044 |
| 10% | $87.92 | $55 | $1,055 |
| 12% | $88.85 | $66 | $1,066 |
| 14% | $89.79 | $77 | $1,077 |
| 16% | $90.73 | $89 | $1,089 |
| 18% | $91.68 | $100 | $1,100 |
| 20% | $92.63 | $112 | $1,112 |
| 24% | $94.56 | $135 | $1,135 |
| 30% | $97.49 | $170 | $1,170 |
| 36% | $100.46 | $206 | $1,206 |
$1,000 at 12% – other terms
| Term | Monthly | Total interest |
|---|---|---|
| 12 months | $88.85 | $66 |
| 24 months | $47.07 | $130 |
| 36 months | $33.21 | $196 |
| 48 months | $26.33 | $264 |
| 60 months | $22.24 | $335 |
| 72 months | $19.55 | $408 |
| 84 months | $17.65 | $483 |
Shorter terms cost more per month but far less in total interest.
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FAQ
What is the monthly payment on a $1,000 personal loan for 12 months?
At 12% APR it is $88.85 per month; at 8% $86.99; at 24% $94.56.
How much interest does a $1,000 loan cost over 12 months?
About $66 at 12% APR, rising to $135 at 24%.
How does an origination fee change the cost?
A 5% fee ($50) is usually deducted from the payout, so you receive $950 but repay $1,000 plus interest. At 12% over 12 months that lifts the effective APR noticeably – compare lenders on APR, not rate.
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