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$1,000 personal loan over 60 months
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$22.24/mo
$1,000 personal loan · 60 months (5 years) · 12% APR
Payment by APR
| APR | Monthly | Total interest | Total repaid |
|---|---|---|---|
| 6% | $19.33 | $160 | $1,160 |
| 8% | $20.28 | $217 | $1,217 |
| 10% | $21.25 | $275 | $1,275 |
| 12% | $22.24 | $335 | $1,335 |
| 14% | $23.27 | $396 | $1,396 |
| 16% | $24.32 | $459 | $1,459 |
| 18% | $25.39 | $524 | $1,524 |
| 20% | $26.49 | $590 | $1,590 |
| 24% | $28.77 | $726 | $1,726 |
| 30% | $32.35 | $941 | $1,941 |
| 36% | $36.13 | $1,168 | $2,168 |
$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 60 months?
At 12% APR it is $22.24 per month; at 8% $20.28; at 24% $28.77.
How much interest does a $1,000 loan cost over 60 months?
About $335 at 12% APR, rising to $726 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 60 months that lifts the effective APR noticeably – compare lenders on APR, not rate.
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