Knowledgebase

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How much is the monthly repayment?

Monthly Amortization: (Approved Loan Amount / Number of months to pay) + (Approved Loan Amount * Interest Rate).

Example:

For the sake of computation:

Approved Amount: 100,000 Terms: 36 months Interest Rate: 1.5%

(Approved Loan Amount / Number of months to pay) + (Approved Loan Amount Interest Rate) (100,000 / 36 mos) + (100,000 1.5%) 2777.78 + 1500 = 4277.78 per month in 36 months