Term: 360 months (30 years)
↳ Payments: $1,101.54 / month
Overpayment: $174,752.79 (78.79%)
Here's what bank could buy on the money they would make on this loan:349 desktop computers or 174 laptops
Disclaimer: all information on this website including but not limited to calculations and numbers is published for informational purposes only and can not be used for anything, including but not limited to any calculations for any kinds of loans. Authors of this website are not responsible for any damage caused by use of any data on this website.
"Microfinance initiatives are very high-touch models. The loan officer meets with local groups of borrowers every week, they share tips and techniques. There's a lot of training and learning that goes on, which adds to the cost of the model."