$20,000 personal loan: monthly payments by term and interest rate
A $20,000 personal loan costs between $444.89 and $941.47 a month at 12% APR, depending on the term. Pick a term below to see the full cost, or use the table to compare rates.
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Monthly payment on $20,000 by term and APR
Read across for the interest rate and down for the length of the loan.
$20,000 personal loan: monthly payment
| Term | 8% APR | 10% APR | 12% APR | 15% APR | 20% APR | 25% APR |
|---|---|---|---|---|---|---|
| 2 years | $904.55 | $922.90 | $941.47 | $969.73 | $1,017.92 | $1,067.43 |
| 3 years | $626.73 | $645.34 | $664.29 | $693.31 | $743.27 | $795.20 |
| 4 years | $488.26 | $507.25 | $526.68 | $556.61 | $608.61 | $663.14 |
| 5 years | $405.53 | $424.94 | $444.89 | $475.80 | $529.88 | $587.03 |
Fixed rate, equal monthly payments, no fees.
$20,000 over each term
Sources and further reading
Questions people ask
What is the cheapest way to borrow $20,000?
The cheapest loan has the lowest APR and the shortest term you can afford, with no origination fee. Compare banks, credit unions and online lenders using prequalification, which uses a soft credit check.
Results are estimates for information only, not financial advice. Read the full disclaimer.
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