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Short Term Loan Calculator

Short Term Loan Calculator to determine the monthly loan payments for any short term loans. Short term loans are temporary loans that are repaid within a year or shorter.

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Loan Amount
Loan Terms
months
Interest Rate
First Payment Date
Amortization Schedule
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Short Term Loan Summary

Loan Amount:
$5,000.00
Monthly Payment:
$856.70
Total # Of Payments:
6
Start Date:
Oct, 2024
Payoff Date:
Mar, 2025
Total Interest Paid:
$140.19
Total Payment:
$5,140.19

Short Term Loan Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Oct, 2024 1 $39.79 $816.91 $856.70 $4,183.09
Nov, 2024 2 $33.29 $823.41 $856.70 $3,359.69
Dec, 2024 3 $26.74 $829.96 $856.70 $2,529.72
Jan, 2025 4 $20.13 $836.57 $856.70 $1,693.16
Feb, 2025 5 $13.47 $843.22 $856.70 $849.93
Mar, 2025 6 $6.76 $849.93 $856.70 $0.00



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