$12,000 loan at 10% over 1 year
Instant loan repayment calculation — free, accurate, no signup required.
Try a Different Loan
Similar Loan Amounts
Different Loan Terms
About This Loan Calculation
Before you sign for a $12,000 loan at 10%, here's the one number that actually matters. Your monthly repayment is $1,054.99. That covers both principal and interest — but the split changes every month. Over 12 payments you'll repay $12,659.89 in total. That's $659.89 more than the original loan amount. Even a 0.5% rate reduction could save you hundreds. Small differences in rate make a bigger impact the longer the term. The amortization formula banks use front-loads your interest payments. Your first payment barely dents the principal. Knowing the total interest cost — not just the monthly payment — is the single most powerful thing you can do before taking out any loan.