General Purpose Loan Secured from Summerland Credit Union
Borrow amount
$20k
Advertised Rate
5.04%
Variable
Loan term
0 year to 7 years
Repayment frequency
Monthly
Monthly repayment
$600
36 months
Number of repayments
36
Total interest paid
$1.6k
Total repayments
$21,592
Monthly Repayment Schedule
Results are estimates only. Please allow for slight rounding differences.
| № | Date | Principal | Interest | Payment | Balance |
|---|---|---|---|---|---|
| 1 | Nov 2020 | $515.78 | $84.00 | $599.78 | $19,484.22 |
| 2 | Dec 2020 | $517.95 | $81.83 | $599.78 | $18,966.27 |
| 2020 Total | $1,033.73 | $165.83 | $1,199.56 | ||
| 3 | Jan 2021 | $520.12 | $79.66 | $599.78 | $18,446.15 |
| 4 | Feb 2021 | $522.31 | $77.47 | $599.78 | $17,923.84 |
| 5 | Mar 2021 | $524.50 | $75.28 | $599.78 | $17,399.34 |
| 6 | Apr 2021 | $526.70 | $73.08 | $599.78 | $16,872.64 |
| 7 | May 2021 | $528.91 | $70.87 | $599.78 | $16,343.73 |
| 8 | Jun 2021 | $531.14 | $68.64 | $599.78 | $15,812.59 |
| 9 | Jul 2021 | $533.37 | $66.41 | $599.78 | $15,279.22 |
| 10 | Aug 2021 | $535.61 | $64.17 | $599.78 | $14,743.61 |
| 11 | Sep 2021 | $537.86 | $61.92 | $599.78 | $14,205.75 |
| 12 | Oct 2021 | $540.12 | $59.66 | $599.78 | $13,665.63 |
| 13 | Nov 2021 | $542.38 | $57.40 | $599.78 | $13,123.25 |
| 14 | Dec 2021 | $544.66 | $55.12 | $599.78 | $12,578.59 |
| 2021 Total | $6,387.68 | $809.68 | $7,197.36 | ||
| 15 | Jan 2022 | $546.95 | $52.83 | $599.78 | $12,031.64 |
| 16 | Feb 2022 | $549.25 | $50.53 | $599.78 | $11,482.39 |
| 17 | Mar 2022 | $551.55 | $48.23 | $599.78 | $10,930.84 |
| 18 | Apr 2022 | $553.87 | $45.91 | $599.78 | $10,376.97 |
| 19 | May 2022 | $556.20 | $43.58 | $599.78 | $9,820.77 |
| 20 | Jun 2022 | $558.53 | $41.25 | $599.78 | $9,262.24 |
| 21 | Jul 2022 | $560.88 | $38.90 | $599.78 | $8,701.36 |
| 22 | Aug 2022 | $563.23 | $36.55 | $599.78 | $8,138.13 |
| 23 | Sep 2022 | $565.60 | $34.18 | $599.78 | $7,572.53 |
| 24 | Oct 2022 | $567.98 | $31.80 | $599.78 | $7,004.55 |
| 25 | Nov 2022 | $570.36 | $29.42 | $599.78 | $6,434.19 |
| 26 | Dec 2022 | $572.76 | $27.02 | $599.78 | $5,861.43 |
| 2022 Total | $6,717.16 | $480.2 | $7,197.36 | ||
| 27 | Jan 2023 | $575.16 | $24.62 | $599.78 | $5,286.27 |
| 28 | Feb 2023 | $577.58 | $22.20 | $599.78 | $4,708.69 |
| 29 | Mar 2023 | $580.00 | $19.78 | $599.78 | $4,128.69 |
| 30 | Apr 2023 | $582.44 | $17.34 | $599.78 | $3,546.25 |
| 31 | May 2023 | $584.89 | $14.89 | $599.78 | $2,961.36 |
| 32 | Jun 2023 | $587.34 | $12.44 | $599.78 | $2,374.02 |
| 33 | Jul 2023 | $589.81 | $9.97 | $599.78 | $1,784.21 |
| 34 | Aug 2023 | $592.29 | $7.49 | $599.78 | $1,191.92 |
| 35 | Sep 2023 | $594.77 | $5.01 | $599.78 | $597.15 |
| 36 | Oct 2023 | $597.15 | $2.51 | $599.66 | $0.00 |
| 2023 Total | $5,861.43 | $136.25 | $5,997.68 |
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