Borrow amount
$20k
Advertised Rate

5.04%

Variable

Loan term

0 year to 7 years

Summerland Credit Union
Repayment frequency
Monthly
Monthly repayment

$600

36 months

Number of repayments
36
Total interest paid
$1.6k
Total repayments

Monthly Repayment Schedule

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

DatePrincipalInterestPaymentBalance
1Feb 2021$515.78$84.00$599.78$19,484.22
2Mar 2021$517.95$81.83$599.78$18,966.27
3Apr 2021$520.12$79.66$599.78$18,446.15
4May 2021$522.31$77.47$599.78$17,923.84
5Jun 2021$524.50$75.28$599.78$17,399.34
6Jul 2021$526.70$73.08$599.78$16,872.64
7Aug 2021$528.91$70.87$599.78$16,343.73
8Sep 2021$531.14$68.64$599.78$15,812.59
9Oct 2021$533.37$66.41$599.78$15,279.22
10Nov 2021$535.61$64.17$599.78$14,743.61
11Dec 2021$537.86$61.92$599.78$14,205.75
2021 Total$5,794.25$803.33$6,597.58
12Jan 2022$540.12$59.66$599.78$13,665.63
13Feb 2022$542.38$57.40$599.78$13,123.25
14Mar 2022$544.66$55.12$599.78$12,578.59
15Apr 2022$546.95$52.83$599.78$12,031.64
16May 2022$549.25$50.53$599.78$11,482.39
17Jun 2022$551.55$48.23$599.78$10,930.84
18Jul 2022$553.87$45.91$599.78$10,376.97
19Aug 2022$556.20$43.58$599.78$9,820.77
20Sep 2022$558.53$41.25$599.78$9,262.24
21Oct 2022$560.88$38.90$599.78$8,701.36
22Nov 2022$563.23$36.55$599.78$8,138.13
23Dec 2022$565.60$34.18$599.78$7,572.53
2022 Total$6,633.22$564.14$7,197.36
24Jan 2023$567.98$31.80$599.78$7,004.55
25Feb 2023$570.36$29.42$599.78$6,434.19
26Mar 2023$572.76$27.02$599.78$5,861.43
27Apr 2023$575.16$24.62$599.78$5,286.27
28May 2023$577.58$22.20$599.78$4,708.69
29Jun 2023$580.00$19.78$599.78$4,128.69
30Jul 2023$582.44$17.34$599.78$3,546.25
31Aug 2023$584.89$14.89$599.78$2,961.36
32Sep 2023$587.34$12.44$599.78$2,374.02
33Oct 2023$589.81$9.97$599.78$1,784.21
34Nov 2023$592.29$7.49$599.78$1,191.92
35Dec 2023$594.77$5.01$599.78$597.15
2023 Total$6,975.38$221.98$7,197.36
36Jan 2024$597.15$2.51$599.66$0.00
2023 Total$597.15$2.51$599.66