$1,500 Loan Calculator — 48 Month Term
At the average personal loan rate of 11%, a $1,500 loan over 48 months costs $38.77/month with $360.88 in total interest. Use the calculator below or compare rates across all credit tiers.
Monthly Payment
$38.77
at 11% APR
Total Interest
$360.88
at 11% APR
Total Paid
$1,860.88
over 48 months
Payment Comparison by Credit Score
$1,500 loan · 48 months
| Credit Tier | APR | Monthly | Total Interest | Total Paid |
|---|---|---|---|---|
| Excellent (760+) | 5% | $34.54 | $158.11 | $1,658.11 |
| Very Good (720+) | 7% | $35.92 | $224.13 | $1,724.13 |
| Good (690+) | 10% | $38.04 | $326.11 | $1,826.11 |
| Fair (660+) | 13% | $40.24 | $431.58 | $1,931.58 |
| Poor (620+) | 17% | $43.28 | $577.56 | $2,077.56 |
| Bad (<620) | 21% | $46.45 | $729.53 | $2,229.53 |
Loan Calculator
Monthly Payment
$38.77
Total Paid
$1,860.88
Total Interest
$360.88
$1,500 · 48-Month Loan FAQs
What is the monthly payment on a $1,500 loan for 48 months?
At the national average rate of 11%, your monthly payment on a $1,500, 48-month loan is approximately $38.77. Over the life of the loan you'd pay $360.88 in interest for a total of $1,860.88.
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 48 months a good term for a $1,500 loan?
A 48-month term balances monthly affordability ($38.77/mo at 11%) with reasonable interest costs ($360.88 total). It's a solid middle-ground for most borrowers.
Other Terms for a $1,500 Loan
Other Amounts for a 48-Month Loan
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