Interest.com - Loan & line payment
Interest.com - Loan & line payment
Monthly payment requirements can vary, depending on whether you have a fixed term loan or a line of credit that permits much smaller payments. Many lines of credit permit payments equal to one percent or two percent of the balance, and some require that only the interest be paid each month.
This calculator will help determine what your monthly payment will be for either a fixed term loan or a line of credit, or the amount you can borrow for that monthly payment. Enter your information and select a payment option.
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