Multi-Lender Loan

This contract is for a loan in the amount of $10,000.00 at 8.00% interest rate.

There are 10 lenders, each contributing $1,000.00.

The borrower will repay $452.27 per month ($45.23/lender).

The loan will be made on 2022-01-23, last for 24 months, and end on 2024-01-23.

Contract Term Summary

TermValue
{loan_amount}$10,000.00
{lender_loan_amount}$1,000.00
{interest_rate}8.00%
{total_monthly_payment}$452.27
{loan_start_date}2022-01-23
{loan_end_date}2024-01-23
{loan_duration}24
{lender_count}10
{lender_monthly_payment}$45.23

Payment Schedule

paymentdate total monthly payment total amount paid lender monthly payment lender amount paid
1 2022-02-23 $452.27 $452.27 $45.23 $45.23
2 2022-03-23 $452.27 $904.54 $45.23 $90.46
3 2022-04-23 $452.27 $1,356.81 $45.23 $135.69
4 2022-05-23 $452.27 $1,809.08 $45.23 $180.92
5 2022-06-23 $452.27 $2,261.35 $45.23 $226.15
6 2022-07-23 $452.27 $2,713.62 $45.23 $271.38
7 2022-08-23 $452.27 $3,165.89 $45.23 $316.61
8 2022-09-23 $452.27 $3,618.16 $45.23 $361.84
9 2022-10-23 $452.27 $4,070.43 $45.23 $407.07
10 2022-11-23 $452.27 $4,522.70 $45.23 $452.30
11 2022-12-23 $452.27 $4,974.97 $45.23 $497.53
12 2023-01-23 $452.27 $5,427.24 $45.23 $542.76
13 2023-02-23 $452.27 $5,879.51 $45.23 $587.99
14 2023-03-23 $452.27 $6,331.78 $45.23 $633.22
15 2023-04-23 $452.27 $6,784.05 $45.23 $678.45
16 2023-05-23 $452.27 $7,236.32 $45.23 $723.68
17 2023-06-23 $452.27 $7,688.59 $45.23 $768.91
18 2023-07-23 $452.27 $8,140.86 $45.23 $814.14
19 2023-08-23 $452.27 $8,593.13 $45.23 $859.37
20 2023-09-23 $452.27 $9,045.40 $45.23 $904.60
21 2023-10-23 $452.27 $9,497.67 $45.23 $949.83
22 2023-11-23 $452.27 $9,949.94 $45.23 $995.06
23 2023-12-23 $452.27 $10,402.21 $45.23 $1,040.29
24 2024-01-23 $452.27 $10,854.48 $45.23 $1,085.52
URL for this Exact Contract
https://www.dyor.com/sparkcontract-templates/first-basic-loan-template/?hash=0b95b329fe04bc6c81d8b82d242716870bf96a2cb5594f5d9db22311d6396a7e