Estimate the monthly payment on a $25,000 personal loan. Adjust the rate and term below to match your offer.
Estimated monthly payment
$830.36
at 12% APR over 3 years
| APR | Monthly Payment | Total Interest |
|---|---|---|
| 4% | $738.10 | $1,571.59 |
| 5% | $749.27 | $1,973.81 |
| 6% | $760.55 | $2,379.74 |
| 7% | $771.93 | $2,789.39 |
| 8% | $783.41 | $3,202.73 |
| 9% | $794.99 | $3,619.76 |
| 10% | $806.68 | $4,040.47 |
| 12% | $830.36 | $4,892.88 |
The monthly payment uses the standard amortizing loan formula: M = P × [r(1+r)ⁿ] / [(1+r)ⁿ − 1], where P is the $25,000 principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments (years × 12). Each payment covers the interest accrued that month first, with the remainder reducing the principal — so early payments are mostly interest and later payments are mostly principal.