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$1,000 personal loan over 24 months
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$47.07/mo
$1,000 personal loan · 24 months (2 years) · 12% APR
Payment by APR
| APR | Monthly | Total interest | Total repaid |
|---|---|---|---|
| 6% | $44.32 | $64 | $1,064 |
| 8% | $45.23 | $85 | $1,085 |
| 10% | $46.14 | $107 | $1,107 |
| 12% | $47.07 | $130 | $1,130 |
| 14% | $48.01 | $152 | $1,152 |
| 16% | $48.96 | $175 | $1,175 |
| 18% | $49.92 | $198 | $1,198 |
| 20% | $50.90 | $221 | $1,221 |
| 24% | $52.87 | $269 | $1,269 |
| 30% | $55.91 | $342 | $1,342 |
| 36% | $59.05 | $417 | $1,417 |
$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.
Try your own numbers
FAQ
What is the monthly payment on a $1,000 personal loan for 24 months?
At 12% APR it is $47.07 per month; at 8% $45.23; at 24% $52.87.
How much interest does a $1,000 loan cost over 24 months?
About $130 at 12% APR, rising to $269 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 24 months that lifts the effective APR noticeably – compare lenders on APR, not rate.
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