$10,000 Personal Loan: 36 Months at 12%
A $10,000 personal loan at 12% over 36 months costs $332 a month. The interest comes to $1,957, and a 3% origination fee adds $300, so the loan costs $2,257 in total.
If the lender takes the fee out of the money you receive, you get $9,700 but repay on $10,000, which makes the real annual cost about 14.1% instead of 12%.
Updated October 2026
- Monthly payment $332
- Total interest $1,957
- 3% origination fee $300
- Real APR with the fee 14.1% vs 12% rate
Change the numbers
The calculator below opens with this example filled in. Edit any value to see your own figures, or open the full Personal Loan Calculator.
Personal Loan Details
Monthly Payment
$332
Total interest: $1,957 · Total cost: $2,257
Total Interest
$1,957
Origination Fee
$300
Total Payment
$11,957
Total Cost of Loan
$2,257
Interest + origination fee
Term: payment against total cost
A shorter term costs more each month and far less in total. On $10,000 at 12%, 24 months is $471 a month and $1,298 in interest; 60 months is $222 and $3,347.
| Term | Monthly payment | Total interest | Interest plus fee |
|---|---|---|---|
| 24 months | $471 | $1,298 | $1,598 |
| 36 months | $332 | $1,957 | $2,257 |
| 48 months | $263 | $2,640 | $2,940 |
| 60 months | $222 | $3,347 | $3,647 |
$10,000 at 12% with a 3% fee.
How the rate changes the payment
Two points either way moves the 36-month payment between $323 and $342.
| Interest rate | 24 months | 36 months | 48 months | 60 months |
|---|---|---|---|---|
| 8% | $452 ($855 interest) | $313 ($1,281 interest) | $244 ($1,718 interest) | $203 ($2,166 interest) |
| 10% | $461 ($1,075 interest) | $323 ($1,616 interest) | $254 ($2,174 interest) | $212 ($2,748 interest) |
| 12% | $471 ($1,298 interest) | $332 ($1,957 interest) | $263 ($2,640 interest) | $222 ($3,347 interest) |
| 14% | $480 ($1,523 interest) | $342 ($2,304 interest) | $273 ($3,117 interest) | $233 ($3,961 interest) |
| 16% | $490 ($1,751 interest) | $352 ($2,657 interest) | $283 ($3,603 interest) | $243 ($4,591 interest) |
Monthly payment, with total interest in brackets. Fee not included.
What the origination fee really costs
A fee is paid once, but it raises the real cost of borrowing, because you repay on the full amount while receiving less. The table assumes the fee is taken from the loan proceeds.
| Fee | Fee amount | Interest plus fee | Real APR |
|---|---|---|---|
| 0% | $0 | $1,957 | 12.00% |
| 1% | $100 | $2,057 | 12.70% |
| 3% | $300 | $2,257 | 14.13% |
| 5% | $500 | $2,457 | 15.61% |
| 8% | $800 | $2,757 | 17.90% |
$10,000 at 12% for 36 months.
Before you rely on these numbers
- The rate and fee are examples. Rates depend on your credit history, income, amount and term; many lenders show an estimated rate after a soft credit check that does not affect your score.
- When comparing offers, compare APRs, since they include certain fees.
- Using a personal loan to repay credit cards only helps if the loan rate is well below your card rate and you stop adding to the card.
- This is general information, not a quote or financial advice.
Common questions
What is the monthly payment on a $10,000 personal loan?
$332 at 12% over 36 months. At 10% it is $323 and at 14% it is $342.
How much does an origination fee add?
A 3% fee on $10,000 is $300. If it is deducted from the money you receive, the real APR is about 14.1% rather than 12%.
How much interest will I pay on a $10,000 loan?
$1,957 over 36 months at 12%. Over 24 months it would be $1,298 and over 60 months $3,347.
Is a shorter term better?
It costs less in total interest, but the payment is higher: $471 a month for 24 months against $222 for 60. Choose the shortest term whose payment fits your budget with room to spare.