The monthly payment on a $35,000 loan ranges from $478 to $$3,516, depending on the APR and how long the loan lasts. For example, if you take out a $35,000 loan for one year with an APR of 36%, your monthly payment will be $$3,516. But if you take out a $35,000 loan for seven years with an APR of 4%, your monthly payment will be $478.
Almost all personal loans offer payoff periods that fall between one and seven years, so those periods serve as the minimum and maximum in our calculations. In addition, these calculations assume that if the lender has an origination fee, it’s built into the APR. Some lenders charge an origination fee up front, so your monthly payments might be smaller as a result.
Below are the monthly payments that you can expect on a $35,000 loan with different payoff periods. The table assumes you will be paying interest at an APR of 15%, which is roughly the average personal loan APR.
Example Monthly Payments on a $35,000 Personal Loan
| Payoff period | APR | Monthly payment | Total interest over life of loan |
| 12 months | 15% | $3,159 | $2,908 |
| 24 months | 15% | $1,697 | $5,729 |
| 36 months | 15% | $1,213 | $8,678 |
| 48 months | 15% | $974 | $11,756 |
| 60 months | 15% | $833 | $14,959 |
| 72 months | 15% | $740 | $18,285 |
| 84 months | 15% | $675 | $21,732 |
If you’d like to try out any other combinations of payoff periods and interest rates before you apply, you can use WalletHub’s free personal loan calculator.
Once you get approved for a personal loan, you will receive information on exactly what your monthly payment will be. And you’ll be able to access that information any time through your online account or by looking at one of your monthly bills.
This answer was last updated on 08/21/23 and it was first published on 08/31/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
The monthly payment on a $35,000 loan ranges from $478 to $$3,516, depending on the APR and how long the loan lasts. For example, if you take out a $35,000 loan for one year with an APR of 36%, your monthly payment will be $$3,516.
How much are payments on a $35000 personal loan? ›
Long-Term Costs of $35,000 Personal Loan
| Interest Rate and Loan Term | $35,000 Personal Loan Payment |
|---|
| 18.00% APR for 24 months | $1,747.34 |
| 18.00% APR for 36 months | $1,265.33 |
| 18.00% APR for 60 months | $888.77 |
| 29.99% APR for 24 months | $1,956.77 |
5 more rowsAdvertising Disclosures
| Loan Amount | Loan Term (Years) | Estimated Fixed Monthly Payment* |
|---|
| $20,000 | 5 | $415.07 |
| $25,000 | 3 | $771.81 |
| $25,000 | 5 | $518.84 |
| $30,000 | 3 | $926.18 |
13 more rowsIf you take out a $35,000 new auto loan for a 72-month term at 4.0% interest, then your monthly payment will be $547.58. Although your monthly payments won't change during the term of your loan, the amount applied to principal versus interest will vary based on the amortization schedule.
What is a decent personal loan rate? ›
For example, if you have excellent credit, a rate below 11 percent would be considered good, while 12.5 percent would be less competitive. To improve your odds of getting a good rate, pay your credit accounts on time, keep credit card usage to a minimum and avoid opening too many new accounts.
Can I get a 35k loan with bad credit? ›
You may still be able to get a $35,000 personal loan with bad credit although you will have very few options. It typically means that you will be offered the highest APRs and the shortest terms so you need to be certain that you can actually afford the loan before you apply.
Who is the easiest to get a personal loan from? ›
Easiest personal loans to get
- Best for bad credit: Avant.
- Best for flexible terms: OneMain Financial.
- Best for no credit history: Upstart.
- Best for fast approval: LendingPoint.
- Best for small loan amounts: Oportun.
- Best for longer loan terms: Upgrade.
- Best for peer-to-peer lending: Prosper.
Hardship personal loans are a type of personal loan intended to help borrowers overcome financial difficulties such as job loss, medical emergencies, or home repairs. Hardship personal loan programs are often offered by small banks and credit unions.
How much loan can I qualify for with 700 credit score? ›
You can borrow from $1,000 to $100,000 or more with a 700 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.
How much is a personal loan 25k monthly? ›
The monthly payment on a $25,000 loan ranges from $342 to $2,512, depending on the APR and how long the loan lasts. For example, if you take out a $25,000 loan for one year with an APR of 36%, your monthly payment will be $2,512.
For example, the interest on a $30,000, 36-month loan at 6% is $2,856.
Can you pay off a personal loan early? ›
Yes, you can pay off a personal loan early, but it may not be a good idea.
How much would a $35000 loan cost per month? ›
The monthly payment on a $35,000 loan ranges from $478 to $$3,516, depending on the APR and how long the loan lasts. For example, if you take out a $35,000 loan for one year with an APR of 36%, your monthly payment will be $$3,516.
What is 9 interest on $35000? ›
interest owed = principal * interest rate = 35,000 * 9% = 3150.
How much is a $25,000 car payment for 72 months? ›
Example: A six year fixed-rate loan for a $25,000 new car, with 20% down, requires a $20,000 loan. Based on a simple interest rate of 3.4% and a loan fee of $200, this loan would have 72 monthly payments of $310.54 each and an annual percentage rate (APR) of 3.74%.
How much is the monthly payment on a $40000 personal loan? ›
The monthly payment on a $40,000 loan ranges from $547 to $4,018, depending on the APR and how long the loan lasts. For example, if you take out a $40,000 loan for one year with an APR of 36%, your monthly payment will be$4,018.
How much is the monthly payment on a $35000 student loan? ›
A $35,000 student loan balance with an average interest rate of 6.8% paid over a 10 year term will have a monthly payment of $403. In total, the loan will cost $48,334 with $13,334 in interest.
How much would a $50,000 loan cost per month? ›
Calculating the monthly cost for a $50,000 loan at an interest rate of 8.75%, which is the average rate for a 10-year fixed home equity loan as of September 25, 2023, the monthly payment would be $626.63. And because the rate is fixed, this monthly payment would stay the same throughout the life of the loan.
