Using the calculator is straight forward. User enters a "loan amount", "number of months", "annual interest rate". The calculator calculates the number of monthly payments.
The "Payment Method" determines when the first payment is due. With the default selection, "End-of-Period", the first payment will be due one month after the loan is made. If "Start-of-Period" is selected, then the first payment will be due on the loan date.
The term (duration) of the loan is expressed as a number of months.
60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years
Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://AccurateCalculators.com/loan-calculator
Currency and Date Conventions
All calculators will remember your choice. You may also change it at any time.
Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.
Contact Us
+234(0) 907 555 5554
Phone Number
info@sohcahtoafinance.com
Email Address
1st Floor, Capwire House 19, Sinari Daranijo Street, Victoria Island Lagos State
Office Address
LPO/WORKING CAPITAL FINANCING
The facility issued here is to finance local purchase orders (LPOs) issued to SMEs, large corporations, and individuals operating within diversified sectors. It is a short-term financial option that provides businesses with capital to pay suppliers upfront for verified purchase orders.
Ready to unlock the power of lease financing? Contact us to learn more!