How much will I have to repay each month?

Your monthly payment amount will depend on the size of your debt and the length of your repayment period. The chart below shows typical monthly payments and total interest charges for three different 5-percent loans over a 10-year period.

Total Loan Amount Number of Payments Approximate Montly Payment Total Interest Chargers Total Repaid
$4,000 120 $42.43 $1,091.01 $5,091.01
$5,000 120 $53.03 $1,364.03 $6,364.03
$15,000 120 $159.10 $4,091.73 $19,091.73