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$7,500 personal loan over 24 months
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$353.05/mo
$7,500 personal loan · 24 months (2 years) · 12% APR
Payment by APR
| APR | Monthly | Total interest | Total repaid |
|---|---|---|---|
| 6% | $332.40 | $478 | $7,978 |
| 8% | $339.20 | $641 | $8,141 |
| 10% | $346.09 | $806 | $8,306 |
| 12% | $353.05 | $973 | $8,473 |
| 14% | $360.10 | $1,142 | $8,642 |
| 16% | $367.22 | $1,313 | $8,813 |
| 18% | $374.43 | $1,486 | $8,986 |
| 20% | $381.72 | $1,661 | $9,161 |
| 24% | $396.53 | $2,017 | $9,517 |
| 30% | $419.35 | $2,564 | $10,064 |
| 36% | $442.86 | $3,129 | $10,629 |
$7,500 at 12% – other terms
| Term | Monthly | Total interest |
|---|---|---|
| 12 months | $666.37 | $496 |
| 24 months | $353.05 | $973 |
| 36 months | $249.11 | $1,468 |
| 48 months | $197.50 | $1,980 |
| 60 months | $166.83 | $2,510 |
| 72 months | $146.63 | $3,057 |
| 84 months | $132.40 | $3,621 |
Shorter terms cost more per month but far less in total interest.
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FAQ
What is the monthly payment on a $7,500 personal loan for 24 months?
At 12% APR it is $353.05 per month; at 8% $339.20; at 24% $396.53.
How much interest does a $7,500 loan cost over 24 months?
About $973 at 12% APR, rising to $2,017 at 24%.
How does an origination fee change the cost?
A 5% fee ($375) is usually deducted from the payout, so you receive $7,125 but repay $7,500 plus interest. At 12% over 24 months that lifts the effective APR noticeably – compare lenders on APR, not rate.
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