Use this Finance Lookup Table to quickly check the repayments for different loan values and loan periods.
To Find the Repayment Amount:
- Simply select whether you want to know the weekly or monthly repayment value and enter the current interest rate and residual (balloon) value.
- Lookup the loan value in the left column and read across to the column corresponding to the chosen loan period column (1 year, 2 years, 3 years, 4 years, 5 years) for the monthly or weekly repayment.
- The residual payment is the balloon payment - payable at the end of the loan period.
(Interest is calculated monthly and paid in arrears.)