Loan Payment Schedule
Loan Payment Schedule
I. Payment Details
|
Payment Number |
Due Date |
Principal |
Interest |
Total Payment |
|---|---|---|---|---|
|
1 |
01/01/2050 |
$400 |
$100 |
$500 |
|
2 |
02/01/2050 |
$405 |
$95 |
$500 |
|
3 |
03/01/2050 |
$410 |
$90 |
$500 |
|
4 |
07/01/2050 |
$430 |
$70 |
$500 |
|
5 |
08/01/2050 |
$435 |
$65 |
$500 |
II. Reminders
Early Repayment
Borrowers have the option to make early repayments. Any additional amount paid will first be applied to the outstanding principal, reducing the total interest payable over the life of the loan. Early repayment can result in significant savings on interest charges.
Grace Period
A grace period of 10 days is provided for each monthly payment. If the payment is made within this period, no late fees will be applied. Payments made after the grace period will incur a late fee of $30.
III. Payment Methods
-
Online Payment: Accessible through our secure online portal, allowing payments via bank transfer or credit card.
-
Automatic Debit: Set up automatic monthly deductions from your designated bank account.
-
In-Person: Pay by cash, check, or credit card at our office.
IV. Contact Information
For any inquiries or assistance regarding your loan payment schedule, please contact our customer service team:
-
Phone: [Your Company Number]
-
Email: [Your Company Email]
-
Office Address: [Your Company Address]
