Payments are interest only and due every 30 days with a final lump sum payment due at the end of the term.
The below table shows the following loan term:
- Principal: 10,000 USD
- Term: 360 days
- Interest Rate: 12.00%
- Origination Fee: 1.00% (paid upon disbursement of funds)
- APR: 13.09%
| Billing Period | Payment Due | Remaining Principal |
| 1 | $98.63 | $10,000.00 |
| 2 | $98.63 | $10,000.00 |
| 3 | $98.63 | $10,000.00 |
| 4 | $98.63 | $10,000.00 |
| 5 | $98.63 | $10,000.00 |
| 6 | $98.63 | $10,000.00 |
| 7 | $98.63 | $10,000.00 |
| 8 | $98.63 | $10,000.00 |
| 9 | $98.63 | $10,000.00 |
| 10 | $98.63 | $10,000.00 |
| 11 | $98.63 | $10,000.00 |
| 12 | $10,098.63 | $0.00 |
**Please note that each billing period is 30 days in length.