All Questions
3
questions
-1
votes
1
answer
781
views
Does a one time additional payment reduce the interest paid on a Prosper or Lending club personal loan
I have a loan with Lending Club with a certain interest rate. So every month I pay the principal as well as about $200 in interest. Assuming the loan balance left is $20000 and the interest rate is 7%,...
- 582
1
vote
1
answer
174
views
How is minimum payment calculated for this daily amortized loan?
I'm trying to figure out how the bank calculated the minimum payment for a personal loan.
Starting Principle: $6,800
Interest Rate: 13.750%
Loan Term: 36 months
Payment Frequency: Monthly
Start Date: ...
- 111
0
votes
3
answers
147
views
Personal Loan issuer online service
I have chunk of money that I would like to loan to my brother. I would like to charge him interest same as banks do.
Is there a website or online service where I can enter the "loan" amount, ...
- 11