$1,000 Loan Calculator — 48 Month Term
At the average personal loan rate of 11%, a $1,000 loan over 48 months costs $25.85/month with $240.59 in total interest. Use the calculator below or compare rates across all credit tiers.
Monthly Payment
$25.85
at 11% APR
Total Interest
$240.59
at 11% APR
Total Paid
$1,240.59
over 48 months
Payment Comparison by Credit Score
$1,000 loan · 48 months
| Credit Tier | APR | Monthly | Total Interest | Total Paid |
|---|---|---|---|---|
| Excellent (760+) | 5% | $23.03 | $105.41 | $1,105.41 |
| Very Good (720+) | 7% | $23.95 | $149.42 | $1,149.42 |
| Good (690+) | 10% | $25.36 | $217.40 | $1,217.40 |
| Fair (660+) | 13% | $26.83 | $287.72 | $1,287.72 |
| Poor (620+) | 17% | $28.86 | $385.04 | $1,385.04 |
| Bad (<620) | 21% | $30.97 | $486.35 | $1,486.35 |
Loan Calculator
Monthly Payment
$25.85
Total Paid
$1,240.59
Total Interest
$240.59
$1,000 · 48-Month Loan FAQs
What is the monthly payment on a $1,000 loan for 48 months?
At the national average rate of 11%, your monthly payment on a $1,000, 48-month loan is approximately $25.85. Over the life of the loan you'd pay $240.59 in interest for a total of $1,240.59.
How does the term length affect my $1,000 loan payment?
A shorter term means higher monthly payments but less total interest. For $1,000: a 12-month loan at 11% costs $88.38/mo, while a 60-month loan costs $21.74/mo but you'd pay $243.97 more in total interest.
What credit score do I need for a $1,000 personal loan?
For a $1,000 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 48 months a good term for a $1,000 loan?
A 48-month term balances monthly affordability ($25.85/mo at 11%) with reasonable interest costs ($240.59 total). It's a solid middle-ground for most borrowers.
Other Terms for a $1,000 Loan
Other Amounts for a 48-Month Loan
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