How are Unchained loan payments structured?

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: 14.00%
  • Origination Fee: 1.50% (paid upon disbursement of funds)
  • APR: 15.65%
Billing Period Payment Due Remaining Principal
1 $115.07 $10,000.00
2 $115.07 $10,000.00
3 $115.07 $10,000.00
4 $115.07 $10,000.00
5 $115.07 $10,000.00
6 $115.07 $10,000.00
7 $115.07 $10,000.00
8 $115.07 $10,000.00
9 $115.07 $10,000.00
10 $115.07 $10,000.00
11 $115.07 $10,000.00
12 $10,115.07 $0.00

**Please note that each billing period is 30 days in length.