$1,500 Loan Calculator — 36 Month Term
At the average personal loan rate of 11%, a $1,500 loan over 36 months costs $49.11/month with $267.89 in total interest. Use the calculator below or compare rates across all credit tiers.
Monthly Payment
$49.11
at 11% APR
Total Interest
$267.89
at 11% APR
Total Paid
$1,767.89
over 36 months
Payment Comparison by Credit Score
$1,500 loan · 36 months
| Credit Tier | APR | Monthly | Total Interest | Total Paid |
|---|---|---|---|---|
| Excellent (760+) | 5% | $44.96 | $118.43 | $1,618.43 |
| Very Good (720+) | 7% | $46.32 | $167.36 | $1,667.36 |
| Good (690+) | 10% | $48.40 | $242.43 | $1,742.43 |
| Fair (660+) | 13% | $50.54 | $319.47 | $1,819.47 |
| Poor (620+) | 17% | $53.48 | $425.25 | $1,925.25 |
| Bad (<620) | 21% | $56.51 | $534.45 | $2,034.45 |
Loan Calculator
Monthly Payment
$49.11
Total Paid
$1,767.89
Total Interest
$267.89
$1,500 · 36-Month Loan FAQs
What is the monthly payment on a $1,500 loan for 36 months?
At the national average rate of 11%, your monthly payment on a $1,500, 36-month loan is approximately $49.11. Over the life of the loan you'd pay $267.89 in interest for a total of $1,767.89.
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 36 months a good term for a $1,500 loan?
A 36-month term balances monthly affordability ($49.11/mo at 11%) with reasonable interest costs ($267.89 total). It's a solid middle-ground for most borrowers.
Other Terms for a $1,500 Loan
Other Amounts for a 36-Month Loan
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