$5,000 personal loan: monthly payments by term and interest rate
A $5,000 personal loan costs between $111.22 and $235.37 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 $5,000 by term and APR
Read across for the interest rate and down for the length of the loan.
$5,000 personal loan: monthly payment
| Term | 8% APR | 10% APR | 12% APR | 15% APR | 20% APR | 25% APR |
|---|---|---|---|---|---|---|
| 2 years | $226.14 | $230.72 | $235.37 | $242.43 | $254.48 | $266.86 |
| 3 years | $156.68 | $161.34 | $166.07 | $173.33 | $185.82 | $198.80 |
| 4 years | $122.06 | $126.81 | $131.67 | $139.15 | $152.15 | $165.79 |
| 5 years | $101.38 | $106.24 | $111.22 | $118.95 | $132.47 | $146.76 |
Fixed rate, equal monthly payments, no fees.
$5,000 over each term
Sources and further reading
Questions people ask
What is the cheapest way to borrow $5,000?
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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