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$5,000 personal loan over 24 months
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$235.37/mo
$5,000 personal loan · 24 months (2 years) · 12% APR
Payment by APR
| APR | Monthly | Total interest | Total repaid |
|---|---|---|---|
| 6% | $221.60 | $318 | $5,318 |
| 8% | $226.14 | $427 | $5,427 |
| 10% | $230.72 | $537 | $5,537 |
| 12% | $235.37 | $649 | $5,649 |
| 14% | $240.06 | $762 | $5,762 |
| 16% | $244.82 | $876 | $5,876 |
| 18% | $249.62 | $991 | $5,991 |
| 20% | $254.48 | $1,107 | $6,107 |
| 24% | $264.36 | $1,345 | $6,345 |
| 30% | $279.56 | $1,710 | $6,710 |
| 36% | $295.24 | $2,086 | $7,086 |
$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 24 months?
At 12% APR it is $235.37 per month; at 8% $226.14; at 24% $264.36.
How much interest does a $5,000 loan cost over 24 months?
About $649 at 12% APR, rising to $1,345 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 24 months that lifts the effective APR noticeably – compare lenders on APR, not rate.
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