$10,000 personal loan: monthly payment by APR and term

A $10,000 loan is a common size for paying off credit card balances or covering a larger repair. The term you choose changes the total cost by hundreds of dollars or more.

Example payments on $10,000

Examples, not offers: $10,000 repaid in 24, 36 or 60 monthly payments at 9.9% to 24.9% APR, with no origination fee. Each cell shows the monthly payment and the total repaid.

  • 24 monthly payments

    9.9% APR
    $460.99 a month$11,064 total
    14.9% APR
    $484.39 a month$11,625 total
    19.9% APR
    $508.47 a month$12,203 total
    24.9% APR
    $533.21 a month$12,797 total

  • 36 monthly payments

    9.9% APR
    $322.20 a month$11,599 total
    14.9% APR
    $346.16 a month$12,462 total
    19.9% APR
    $371.13 a month$13,361 total
    24.9% APR
    $397.07 a month$14,295 total

  • 60 monthly payments

    9.9% APR
    $211.98 a month$12,719 total
    14.9% APR
    $237.37 a month$14,242 total
    19.9% APR
    $264.38 a month$15,863 total
    24.9% APR
    $292.93 a month$17,576 total

Loan availability, amounts, rates and terms vary by state and lender. See example rates and terms for how these figures are calculated.

What people use $10,000 for

  • Paying off several credit card balances
  • A home repair such as a roof patch or water heater
  • A used car down payment or major car repair

Things to know at $10,000

  • If you’re paying off cards, compare the loan’s APR with your cards’ APRs. A loan only saves money if its APR is lower and you don’t run the cards back up.
  • Going from 36 to 60 payments lowers the monthly payment but adds interest. The table shows how much.
  • Have recent pay stubs or tax returns ready; lenders often verify income at this amount.

If a lender charges an origination fee

Some lenders take a fee out of the loan before paying it to you. With a 5% fee on $10,000, the lender keeps $500 and you receive $9,500, but you repay the full $10,000 plus interest.

The fee raises the APR. A loan with a 14.9% interest rate over 36 months and a 5% fee has an APR of about 18.6%. If you need the full $10,000 in hand, you’d have to borrow about $10,526. Open the payment calculator to try a different fee.

Questions

Will a $10,000 loan help my credit?

Paying on time can help over time, and paying off card balances lowers your utilization. Applying usually adds a hard inquiry, and a new account lowers your average account age at first.

What income do I need?

Each lender sets its own rules. They look at your income alongside your existing debt payments, known as your debt-to-income ratio.

Similar amounts

Send one request for $10,000 to lenders in our network. It doesn’t affect your credit score, and FastLoan is not a lender.