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$1,000 personal loan over 48 months
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$26.33/mo
$1,000 personal loan · 48 months (4 years) · 12% APR
Payment by APR
| APR | Monthly | Total interest | Total repaid |
|---|---|---|---|
| 6% | $23.49 | $127 | $1,127 |
| 8% | $24.41 | $172 | $1,172 |
| 10% | $25.36 | $217 | $1,217 |
| 12% | $26.33 | $264 | $1,264 |
| 14% | $27.33 | $312 | $1,312 |
| 16% | $28.34 | $360 | $1,360 |
| 18% | $29.37 | $410 | $1,410 |
| 20% | $30.43 | $461 | $1,461 |
| 24% | $32.60 | $565 | $1,565 |
| 30% | $36.01 | $728 | $1,728 |
| 36% | $39.58 | $900 | $1,900 |
$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 48 months?
At 12% APR it is $26.33 per month; at 8% $24.41; at 24% $32.60.
How much interest does a $1,000 loan cost over 48 months?
About $264 at 12% APR, rising to $565 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 48 months that lifts the effective APR noticeably – compare lenders on APR, not rate.
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