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$12,000 personal loan over 12 months
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$1,066.19/mo
$12,000 personal loan · 12 months (1 years) · 12% APR
Payment by APR
| APR | Monthly | Total interest | Total repaid |
|---|---|---|---|
| 6% | $1,032.80 | $394 | $12,394 |
| 8% | $1,043.86 | $526 | $12,526 |
| 10% | $1,054.99 | $660 | $12,660 |
| 12% | $1,066.19 | $794 | $12,794 |
| 14% | $1,077.45 | $929 | $12,929 |
| 16% | $1,088.77 | $1,065 | $13,065 |
| 18% | $1,100.16 | $1,202 | $13,202 |
| 20% | $1,111.61 | $1,339 | $13,339 |
| 24% | $1,134.72 | $1,617 | $13,617 |
| 30% | $1,169.85 | $2,038 | $14,038 |
| 36% | $1,205.55 | $2,467 | $14,467 |
$12,000 at 12% – other terms
| Term | Monthly | Total interest |
|---|---|---|
| 12 months | $1,066.19 | $794 |
| 24 months | $564.88 | $1,557 |
| 36 months | $398.57 | $2,349 |
| 48 months | $316.01 | $3,168 |
| 60 months | $266.93 | $4,016 |
| 72 months | $234.60 | $4,891 |
| 84 months | $211.83 | $5,794 |
Shorter terms cost more per month but far less in total interest.
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FAQ
What is the monthly payment on a $12,000 personal loan for 12 months?
At 12% APR it is $1,066.19 per month; at 8% $1,043.86; at 24% $1,134.72.
How much interest does a $12,000 loan cost over 12 months?
About $794 at 12% APR, rising to $1,617 at 24%.
How does an origination fee change the cost?
A 5% fee ($600) is usually deducted from the payout, so you receive $11,400 but repay $12,000 plus interest. At 12% over 12 months that lifts the effective APR noticeably – compare lenders on APR, not rate.
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