For Example, a four yr $20,000 loan with an rate of interest of 15.forty nine% and corresponding APR of 18.34% would have an estimated month-to-month payment of $561.60 and a complete price payable of $7,948.13. To qualify for a 6.ninety nine% APR loan, a borrower will want excellent credit score on a mortgage for an quantity lower than $12,000.00, and with a term equal to 24 months.