The monthly payment for a ten thousand dollar loan depends on the chosen repayment term length and the applied interest rate or annual percentage rate. For a standard personal loan with a three-year term at an estimated interest rate of 8 percent, the monthly installment is approximately $313. If the borrower chooses a longer repayment schedule, such as five years, the monthly payment decreases, but the total cumulative interest paid over the life of the loan increases. Borrowers should always evaluate their personal budget constraints and compare multiple lending offers before committing to a credit agreement.