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.

Blake is the author of this solution article.

Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.