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Year 1 Loan Workings

This document summarizes the loan workings for a 2.5 million rand loan over 84 months at an interest rate of 12.35%. It shows the annual loan repayments split between capital and interest portions, and the reducing loan balance over the 7 year term, with the full loan being repaid by year 7.

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Tully Hamutenya
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37 views1 page

Year 1 Loan Workings

This document summarizes the loan workings for a 2.5 million rand loan over 84 months at an interest rate of 12.35%. It shows the annual loan repayments split between capital and interest portions, and the reducing loan balance over the 7 year term, with the full loan being repaid by year 7.

Uploaded by

Tully Hamutenya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Zibonwa Investment cc

Year 1 Loan Workings

Loan assumptions Annual Repayments Year end

Amount 2,500,000 Year Capital Interest Total Loan balance


Number of months 84 1 (239,732) (295,481) (535,214) 2,260,268
Quoted Interest rate 12.35% 2 (271,074) (264,139) (535,214) 1,989,193
3 (306,513) (228,700) (535,214) 1,682,680
Monthly repayment (44,601) 4 (346,586) (188,628) (535,214) 1,336,094
Annual repayment (535,214) 5 (391,897) (143,317) (535,214) 944,197
6 (443,132) (92,082) (535,214) 501,065
7 (501,065) (34,148) (535,214) (0)
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Totals (2,500,000) (1,246,495) (3,746,495)

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