Loan calculator › $20,000 loan
$20,000 loan: monthly payment (2026)
A $20,000 personal loan at 12% APR costs $444.89 a month over 5 years ($6,693 interest) or $664.29 over 3 years ($3,914 interest). Change the rate and term to match your offer.
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Result
Monthly payment
Total repaid
Total interest
Payments
| Year | Principal | Interest | Balance |
|---|
$20,000 loan by APR and term
| APR | 3 years | 5 years | 7 years |
|---|---|---|---|
| 6% | $608.44 | $386.66 | $292.17 |
| 8% | $626.73 | $405.53 | $311.72 |
| 10% | $645.34 | $424.94 | $332.02 |
| 12% | $664.29 | $444.89 | $353.05 |
| 15% | $693.31 | $475.80 | $385.94 |
| 18% | $723.05 | $507.87 | $420.36 |
| 24% | $784.66 | $575.36 | $493.52 |