Loan Structure, Interest Rate and Payment Terms

For a standard fixed-rate loan at Windmill Microlending, the interest rate is fixed at 6.7%. Here's an overview of the repayment details based on different loan terms and amounts:

  • Loan Amount: $15,000
  • Interest-Only Payment Period(6-24 month term):
    • Interest-only payments: Approximately $76 per month
  • Principal and Interest Repayments(36 month term):
    • Total monthly repayments: Approximately $455.99

Please note that terms may vary for loans with a variable interest rate or a cost-plus structure, leading to different repayment terms and details.

For more comprehensive information about our loan programs and products, please visit our website at https://www.windmillmicrolending.org/.

B
Blake is the author of this solution article.

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