The monthly payment on a $25,000 loan ranges from $342 to $2,512, depending on the APR and how long the loan lasts. For example, if you take out a $25,000 loan for one year with an APR of 36%, your monthly payment will be $2,512. But if you take out a $25,000 loan for seven years with an APR of 4%, your monthly payment will be $342.
Most personal loans offer payoff periods that fall between one and seven years, so those periods serve as the minimum and maximum in our calculations. In addition, these calculations assume that if the lender has an origination fee, it’s built into the APR. Some lenders charge an origination fee up front, so your monthly payments might be smaller as a result.
Below are the monthly payments that you can expect on a $25,000 loan with different payoff periods. The table assumes you will be paying interest at an APR of 15%, which is roughly the average personal loan APR.
Example Monthly Payments on a $25,000 Personal Loan
| Payoff period | APR | Monthly payment | Total interest over life of loan |
| 12 months | 15% | $2,256 | $2,077 |
| 24 months | 15% | $1,212 | $4,092 |
| 36 months | 15% | $867 | $6,199 |
| 48 months | 15% | $696 | $8,397 |
| 60 months | 15% | $595 | $10,685 |
| 72 months | 15% | $529 | $13,061 |
| 84 months | 15% | $482 | $15,523 |
If you’d like to try out any other combinations of payoff periods and interest rates before you apply, you can use WalletHub’s free personal loan calculator.
Once you get approved for a personal loan, you will receive information on exactly what your monthly payment will be. And you’ll be able to access that information any time through your online account or by looking at one of your monthly bills.
This answer was first published on 08/31/21 and it was last updated on 08/11/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
The monthly payment on a $25,000 loan ranges from $342 to $2,512, depending on the APR and how long the loan lasts. For example, if you take out a $25,000 loan for one year with an APR of 36%, your monthly payment will be $2,512.
What is the monthly payment on a $25,000 personal loan? ›
The monthly payment on a $25,000 loan ranges from $342 to $2,512, depending on the APR and how long the loan lasts. For example, if you take out a $25,000 loan for one year with an APR of 36%, your monthly payment will be $2,512.
How hard is it to get a $25,000 personal loan? ›
Typically, a desirable credit score for a $25,000 personal loan is around 670 and above, but some lenders work with those who have scores from 580 and up. Demonstrating that you have enough income to pay the monthly loan payments is essential. Lenders may request your pay stubs to assess income.
How much personal loan can I get on $25,000? ›
According to the Multiplier method, on a salary of ₹25000, you can get a loan of ₹6.75 lakhs for 5 years. Going by the Fixed Obligation Income Ratio method, if you have monthly EMIs of ₹3000, you will be eligible for an amount of ₹5.89 lakhs.
How long does it take to pay off a $25,000 loan? ›
It will take 43 months to pay off $25,000 with payments of $800 per month, assuming the average credit card APR of around 18%. The time it takes to repay a balance depends on how often you make payments, how big your payments are and what the interest rate charged by the lender is.
How to pay off a $25,000 loan fast? ›
5 Ways To Pay Off A Loan Early
- Make bi-weekly payments. Instead of making monthly payments toward your loan, submit half-payments every two weeks. ...
- Round up your monthly payments. ...
- Make one extra payment each year. ...
- Refinance. ...
- Boost your income and put all extra money toward the loan.
Example: A six year fixed-rate loan for a $25,000 new car, with 20% down, requires a $20,000 loan. Based on a simple interest rate of 3.4% and a loan fee of $200, this loan would have 72 monthly payments of $310.54 each and an annual percentage rate (APR) of 3.74%.
What is the easiest loan to get approved for? ›
What is the easiest loan to get approved for? The easiest types of loans to get approved for don't require a credit check and include payday loans, car title loans and pawnshop loans — but they're also highly predatory due to outrageously high interest rates and fees.
What is the most common personal loan amount? ›
Key Statistics
- Nearly 23 million Americans have unsecured personal loans, with an average balance of about $11,500.
- Today, the average interest rate on a personal loan is 11.48%, up from 9.38% in 2021.
- The average personal loan balance is highest among baby boomers ($21,644) and lowest among Generation Z ($7,684).
Lowest interest rates charges by banks on their personal loans:
- Karur Vsya Bank:Interest rate on secured loan is 11 percent per annum and 13 percent per annum on unsecured personal loans. ...
- Yes Bank: Yes Bank charges an interest rate that starts with 10.49 percent per annum. ...
- Milestone Alert!
About ₹20,000 Personal Loan
During such financial emergencies, a personal loan of ₹20,000 could be a huge help. Thanks to Navi, you can now avail an instant personal loan within a few minutes in a 100% paperless manner. All you have to do is download the Navi app and apply for a ₹20,000 personal loan. It's that simple!
What is the average payment on a $30000 personal loan? ›
Example Monthly Payments on a $30,000 Personal Loan
| Payoff period | APR | Monthly payment |
|---|
| 12 months | 15% | $2,708 |
| 24 months | 15% | $1,455 |
| 36 months | 15% | $1,040 |
| 48 months | 15% | $835 |
3 more rowsAug 31, 2021
Personal loan limits vary. The majority of lenders offer personal loans of up to $50,000, and some personal loan companies have lower limits of around $30,000. The exact amount depends primarily on your credit and financial situation, though a few lenders offer no-income personal loans.
How much would a $25,000 loan cost per month? ›
Here are the monthly payments on a $25,000 personal loan
| Interest Rate | Repayment Timeline | Monthly Payment |
|---|
| 11.48% | 5 Years | $549.65 |
| 6.00% | 10 Years | $277.55 |
| 18.00% | 10 Years | $450.46 |
Aug 28, 2023
Like a car loan or a student loan, you'll receive a lump sum of money that you need to repay in monthly installments over a fixed period of time (known as the loan's term) along with interest charges. The repayment period for a personal loan can be anywhere from two to five years, but some are as long as seven years.
Is 30k in loans bad? ›
If you racked up $30,000 in student loan debt, you're right in line with typical numbers: the average student loan balance per borrower is $33,654. Compared to others who have six-figures worth of debt, that loan balance isn't too bad. However, your student loans can still be a significant burden.
What is the average monthly payment on a $20000 personal loan? ›
Example Monthly Payments on a $20,000 Personal Loan
| Payoff period | APR | Monthly payment |
|---|
| 12 months | 15% | $1,805 |
| 24 months | 15% | $970 |
| 36 months | 15% | $693 |
| 48 months | 15% | $557 |
3 more rowsAug 31, 2021
What Are the Repayments on a $35,000 Personal Loan? The monthly payment on a $35,000 personal loan varies based on the interest rate and repayment term. For example, qualifying for 7.99% APR for 24 months on a $35,000 loan would leave you paying $1,582.80 per month for two years.
What would be the interest due on a loan of $25,000 borrowed at 7% for a period of three years? ›
On a loan of $25,000 taken out at 7% for a three-year term, interest would be owed in the amount of $5,250.
What credit score do you need to get a 30k personal loan? ›
You will need a credit score of 580 or higher to get a $30,000 personal loan in most cases, along with enough income to afford the monthly bill payments. Other common loan requirements include being at least 18 years old, being a U.S. citizen or a permanent resident, and having a valid bank account.
