facebook icon twitter youtube

How Much To Borrow

When you take a loan, remember that you have to pay back the original amount plus the interest that accrues over time. That's why it's important to not borrow more than you need.

The examples presented here assume a fixed 9% interest rate and a 10-year repayment term.

Loan Amount

Repayment Amount

Cost of Interest

$5,000

$7,600.54

$2,600.54

$10,000

$15,201.09

$5,201.09

$15,000

$22,801.63

$7,801.63