$1,500 Loan Calculator — 18 Month Term
At the average personal loan rate of 11%, a $1,500 loan over 18 months costs $90.78/month with $134.00 in total interest. Use the calculator below or compare rates across all credit tiers.
Monthly Payment
$90.78
at 11% APR
Total Interest
$134.00
at 11% APR
Total Paid
$1,634.00
over 18 months
Payment Comparison by Credit Score
$1,500 loan · 18 months
| Credit Tier | APR | Monthly | Total Interest | Total Paid |
|---|---|---|---|---|
| Excellent (760+) | 5% | $86.67 | $60.07 | $1,560.07 |
| Very Good (720+) | 7% | $88.03 | $84.49 | $1,584.49 |
| Good (690+) | 10% | $90.09 | $121.54 | $1,621.54 |
| Fair (660+) | 13% | $92.17 | $159.09 | $1,659.09 |
| Poor (620+) | 17% | $95.00 | $209.91 | $1,709.91 |
| Bad (<620) | 21% | $97.87 | $261.61 | $1,761.61 |
Loan Calculator
Monthly Payment
$90.78
Total Paid
$1,634.00
Total Interest
$134.00
$1,500 · 18-Month Loan FAQs
What is the monthly payment on a $1,500 loan for 18 months?
At the national average rate of 11%, your monthly payment on a $1,500, 18-month loan is approximately $90.78. Over the life of the loan you'd pay $134.00 in interest for a total of $1,634.00.
How does the term length affect my $1,500 loan payment?
A shorter term means higher monthly payments but less total interest. For $1,500: a 12-month loan at 11% costs $132.57/mo, while a 60-month loan costs $32.61/mo but you'd pay $365.95 more in total interest.
What credit score do I need for a $1,500 personal loan?
For a $1,500 personal loan, most lenders require a minimum score of 580–620. Borrowers with scores above 720 qualify for the best rates (around 5–7%), while scores below 620 may face rates of 20%+.
Is 18 months a good term for a $1,500 loan?
A 18-month term keeps total interest costs low — you'd pay only $134.00 at 11% — but the monthly payment of $90.78 is higher. This is ideal if you can comfortably afford the payment and want to get out of debt quickly.
Other Terms for a $1,500 Loan
Other Amounts for a 18-Month Loan
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