Typical loan structure

For a typical fixed-rate loan at Windmill Microlending the fixed interest rate is 5.95%. For a $15,000 loan, the payments would be around $76 for the interest only payment period for a 6-24 month term, and  the principal and interest repayments would be around $455.99 for a 36 month term. Please note, terms for a variable interest rate loan, or cost-plus loan will have different repayment terms and details.

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Blake is the author of this solution article.

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