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$5,000 personal loan over 12 months
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$444.24/mo
$5,000 personal loan · 12 months (1 years) · 12% APR
Payment by APR
| APR | Monthly | Total interest | Total repaid |
|---|---|---|---|
| 6% | $430.33 | $164 | $5,164 |
| 8% | $434.94 | $219 | $5,219 |
| 10% | $439.58 | $275 | $5,275 |
| 12% | $444.24 | $331 | $5,331 |
| 14% | $448.94 | $387 | $5,387 |
| 16% | $453.65 | $444 | $5,444 |
| 18% | $458.40 | $501 | $5,501 |
| 20% | $463.17 | $558 | $5,558 |
| 24% | $472.80 | $674 | $5,674 |
| 30% | $487.44 | $849 | $5,849 |
| 36% | $502.31 | $1,028 | $6,028 |
$5,000 at 12% – other terms
| Term | Monthly | Total interest |
|---|---|---|
| 12 months | $444.24 | $331 |
| 24 months | $235.37 | $649 |
| 36 months | $166.07 | $979 |
| 48 months | $131.67 | $1,320 |
| 60 months | $111.22 | $1,673 |
| 72 months | $97.75 | $2,038 |
| 84 months | $88.26 | $2,414 |
Shorter terms cost more per month but far less in total interest.
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FAQ
What is the monthly payment on a $5,000 personal loan for 12 months?
At 12% APR it is $444.24 per month; at 8% $434.94; at 24% $472.80.
How much interest does a $5,000 loan cost over 12 months?
About $331 at 12% APR, rising to $674 at 24%.
How does an origination fee change the cost?
A 5% fee ($250) is usually deducted from the payout, so you receive $4,750 but repay $5,000 plus interest. At 12% over 12 months that lifts the effective APR noticeably – compare lenders on APR, not rate.
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