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$3,000 personal loan over 12 months
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$266.55/mo
$3,000 personal loan · 12 months (1 years) · 12% APR
Payment by APR
| APR | Monthly | Total interest | Total repaid |
|---|---|---|---|
| 6% | $258.20 | $98 | $3,098 |
| 8% | $260.97 | $132 | $3,132 |
| 10% | $263.75 | $165 | $3,165 |
| 12% | $266.55 | $199 | $3,199 |
| 14% | $269.36 | $232 | $3,232 |
| 16% | $272.19 | $266 | $3,266 |
| 18% | $275.04 | $300 | $3,300 |
| 20% | $277.90 | $335 | $3,335 |
| 24% | $283.68 | $404 | $3,404 |
| 30% | $292.46 | $510 | $3,510 |
| 36% | $301.39 | $617 | $3,617 |
$3,000 at 12% – other terms
| Term | Monthly | Total interest |
|---|---|---|
| 12 months | $266.55 | $199 |
| 24 months | $141.22 | $389 |
| 36 months | $99.64 | $587 |
| 48 months | $79.00 | $792 |
| 60 months | $66.73 | $1,004 |
| 72 months | $58.65 | $1,223 |
| 84 months | $52.96 | $1,448 |
Shorter terms cost more per month but far less in total interest.
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FAQ
What is the monthly payment on a $3,000 personal loan for 12 months?
At 12% APR it is $266.55 per month; at 8% $260.97; at 24% $283.68.
How much interest does a $3,000 loan cost over 12 months?
About $199 at 12% APR, rising to $404 at 24%.
How does an origination fee change the cost?
A 5% fee ($150) is usually deducted from the payout, so you receive $2,850 but repay $3,000 plus interest. At 12% over 12 months that lifts the effective APR noticeably – compare lenders on APR, not rate.
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