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$30,000 personal loan over 12 months
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$2,665.46/mo
$30,000 personal loan · 12 months (1 years) · 12% APR
Payment by APR
| APR | Monthly | Total interest | Total repaid |
|---|---|---|---|
| 6% | $2,581.99 | $984 | $30,984 |
| 8% | $2,609.65 | $1,316 | $31,316 |
| 10% | $2,637.48 | $1,650 | $31,650 |
| 12% | $2,665.46 | $1,986 | $31,986 |
| 14% | $2,693.61 | $2,323 | $32,323 |
| 16% | $2,721.93 | $2,663 | $32,663 |
| 18% | $2,750.40 | $3,005 | $33,005 |
| 20% | $2,779.04 | $3,348 | $33,348 |
| 24% | $2,836.79 | $4,041 | $34,041 |
| 30% | $2,924.61 | $5,095 | $35,095 |
| 36% | $3,013.86 | $6,166 | $36,166 |
$30,000 at 12% – other terms
| Term | Monthly | Total interest |
|---|---|---|
| 12 months | $2,665.46 | $1,986 |
| 24 months | $1,412.20 | $3,893 |
| 36 months | $996.43 | $5,871 |
| 48 months | $790.02 | $7,921 |
| 60 months | $667.33 | $10,040 |
| 72 months | $586.51 | $12,228 |
| 84 months | $529.58 | $14,485 |
Shorter terms cost more per month but far less in total interest.
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FAQ
What is the monthly payment on a $30,000 personal loan for 12 months?
At 12% APR it is $2,665.46 per month; at 8% $2,609.65; at 24% $2,836.79.
How much interest does a $30,000 loan cost over 12 months?
About $1,986 at 12% APR, rising to $4,041 at 24%.
How does an origination fee change the cost?
A 5% fee ($1,500) is usually deducted from the payout, so you receive $28,500 but repay $30,000 plus interest. At 12% over 12 months that lifts the effective APR noticeably – compare lenders on APR, not rate.
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