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

Blake is the author of this solution article.

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