Borrow amount
$20k
Advertised Rate

6.09

% p.a

Variable

Loan term

0 year to 7 years

Summerland Credit Union
Repayment frequency
Monthly
Monthly repayment

$609

36 months

Number of repayments
36
Total interest paid
$1.9k
Total repayments

Monthly Repayment Schedule

Results are estimates only. Please allow for slight rounding differences.

DatePrincipalInterestPaymentBalance
1May 2021$507.75$101.50$609.25$19,492.25
2Jun 2021$510.33$98.92$609.25$18,981.92
3Jul 2021$512.92$96.33$609.25$18,469.00
4Aug 2021$515.52$93.73$609.25$17,953.48
5Sep 2021$518.14$91.11$609.25$17,435.34
6Oct 2021$520.77$88.48$609.25$16,914.57
7Nov 2021$523.41$85.84$609.25$16,391.16
8Dec 2021$526.06$83.19$609.25$15,865.10
2021 Total$4,134.9$739.1$4,874
9Jan 2022$528.73$80.52$609.25$15,336.37
10Feb 2022$531.42$77.83$609.25$14,804.95
11Mar 2022$534.11$75.14$609.25$14,270.84
12Apr 2022$536.83$72.42$609.25$13,734.01
13May 2022$539.55$69.70$609.25$13,194.46
14Jun 2022$542.29$66.96$609.25$12,652.17
15Jul 2022$545.04$64.21$609.25$12,107.13
16Aug 2022$547.81$61.44$609.25$11,559.32
17Sep 2022$550.59$58.66$609.25$11,008.73
18Oct 2022$553.38$55.87$609.25$10,455.35
19Nov 2022$556.19$53.06$609.25$9,899.16
20Dec 2022$559.01$50.24$609.25$9,340.15
2022 Total$6,524.95$786.05$7,311
21Jan 2023$561.85$47.40$609.25$8,778.30
22Feb 2023$564.70$44.55$609.25$8,213.60
23Mar 2023$567.57$41.68$609.25$7,646.03
24Apr 2023$570.45$38.80$609.25$7,075.58
25May 2023$573.34$35.91$609.25$6,502.24
26Jun 2023$576.25$33.00$609.25$5,925.99
27Jul 2023$579.18$30.07$609.25$5,346.81
28Aug 2023$582.11$27.14$609.25$4,764.70
29Sep 2023$585.07$24.18$609.25$4,179.63
30Oct 2023$588.04$21.21$609.25$3,591.59
31Nov 2023$591.02$18.23$609.25$3,000.57
32Dec 2023$594.02$15.23$609.25$2,406.55
2023 Total$6,933.6$377.4$7,311
33Jan 2024$597.04$12.21$609.25$1,809.51
34Feb 2024$600.07$9.18$609.25$1,209.44
35Mar 2024$603.11$6.14$609.25$606.33
36Apr 2024$606.17$3.08$609.25$0.16
2024 Total$2,406.39$30.61$2,437