If I were to borrow $50,000 with a 12-month loan tenure, what will be the total cost of repayment including interest and all applicable fees? - RenoLoan

May 24, 2021

If I were to borrow $50,000 with a 12-month loan tenure, what will be the total cost of repayment including interest and all applicable fees?

($50,000 x 12%) / 12 months = $4,666.66 per month. Other than admin fee and late repayment fees (if any), there are no other fees.