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To determine how much interest you would pay for any type of loan, you need to know how long you will be repaying the loan (e.g. 48 months, 72 months) and/or how much you will be repaying each month.

For a loan of $8,500 with 11% interest, you would pay $2319.11 in interest if you paid $200 per month. But if you paid $400 per month, you would only pay $997.62 in interest. To calculate other repayments, see the link under "related links" for Bankrate's interest calculator.

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11y ago

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