Total Monthly Payment.
Number of Instalments: 24Instalment Payment Date: See Due Date in Subscription Agreement with Globe.Conditional ChargesEnforcement Procedure: See Section 10 of the Loan Agreement.Late Payment: See Section 10 of the Loan Agreement.Pre-payment: See Section 7 of the Loan Agreement. AMORTIZATION SCHEDULE Instalment Gross Amount of Loan Instalment Payment – Principal* Instalment Payment – Interest Instalment Payment – Fee & Tax Total Amortization Payment Outstanding Principal 1 16,950.00 496.26 444.46 59.28 1,000.00 16,453.74 2 16,453.74 510.84 431.45 57.71 1,000.00 15,942.90 3 15,942.90 525.83 418.06 56.11 1,000.00 15,417.07 4 15,417.07 541.28 404.27 54.45 1,000.00 14,875.79 5 14,875.79 557.18 390.07 52.75 1,000.00 14,318.61 6 14,318.61 573.54 375.46 51.00 1,000.00 13,745.07 7 13,745.07 590.39 360.42 49.19 1,000.00 13,154.68 8 13,154.68 607.73 344.94 47.33 1,000.00 12,546.95 9 12,546.95 625.57 329.01 45.42 1,000.00 11,921.38 10 11,921.38 643.95 312.60 43.45 1,000.00 11,277.43 11 11,277.43 662.85 295.75 41.43 1,000.00 10,614.58 12 10,614.58 682.32 278.34 39.34 1,000.00 9,932.26 13 9,932.26 702.37 260.44 37.19 1,000.00 9,229.89 14 9,229.89 722.99 242.03 34.98 1,000.00 8,506.90 15 8,506.90 744.22 223.07 32.71 1,000.00 7,762.68 16 7,762.68 766.08 203.55 30.37 1,000.00 6,996.60 17 6,996.60 788.57 183.47 27.96 1,000.00 6,208.03 18 6,208.03 811.74 162.79 25.47 1,000.00 5,396.29 19 5,396.29 835.58 141.50 22.92 1,000.00 4,560.71 20 4,560.71 860.12 119.59 20.29 1,000.00 3,700.59 21 3,700.59 885.38 97.04 17.58 1,000.00 2,815.21 22 2,815.21 911.38 73.82 14.80 1,000.00 1,903.83 23 1,903.83 938.15 49.92 11.93 1,000.00 965.68 24 965.68 965.68 25.34 8.98 1,000.00 - * Due to system constraints and rounding, there may be overpayment or underpayment of the Loan Principal by a few centavos in the last instalment payment. The de minimis difference shall be considered as adjusted interest, as the case may be, to ensure that the Borrower pays for the exact Loan Principal as indicated in this Disclosure Statement.
FAQs
This total includes principal, interest, mortgage insurance (if applicable), and loan costs. It assumes that you make each monthly payment as agreed – no more and no less – until the end of the loan.
What is the definition of monthly payment? ›
The monthly payment is the amount paid per month to pay off the loan in the time period of the loan. When a loan is taken out it isn't only the principal amount, or the original amount loaned out, that needs to be repaid, but also the interest that accumulates.
What is the meaning of total monthly repayment? ›
'Total Monthly Repayment' means the total amount due on each Monthly Repayment Day in respect of the Repayment Plans that you have set up on the Account.
What does total payment mean? ›
More Definitions of Total Payment
Total Payment means the net proceeds of a sale actually paid to a transferor, including the fair market value of any property transferred to the transferor.
What is the meaning of monthly monthly? ›
pertaining to a month, or to each month. done, happening, appearing, etc., once a month: a monthly magazine. computed or determined by the month: a monthly salary.
What is total monthly pay? ›
For individuals, gross monthly income is the total amount of money received in a given month before any deductions, including taxes. The sum of your gross monthly income comprises financial earnings from all available sources, including but not limited to: Regular wages or salary.
What is the definition of monthly pay? ›
A monthly pay period indicates that a company pays its employees every month, resulting in 12 paychecks a year. The majority of salaried employees in European countries are on a monthly pay period.
What does by monthly payments mean? ›
Sometimes spelled as “bi-monthly” mortgage payments, these plans are typically set up for the customer to pay on the 1st and the 15th of each month. Under some bimonthly plans, it is even possible to make extra payments on top of the bimonthly ones.
What is an example of a monthly payment? ›
For example, the payment on a $5,000 loan with a 30-month repayment term (and an interest rate of 5.50%) is $177.95. If you borrow $10,000 and take 75 months to repay it (with a 5.50% interest rate), your monthly payment will be $157.14. Interest, or the cost of borrowing money, also affects the monthly payment.
What is the meaning of actual monthly payment? ›
Actual Payment means, with respect to a Settlement Date and to a Receivable, all payments received by the Servicer from or for the account of the Obligor during the related Monthly Period (and, in the case of the first Settlement Date, all payments received by the Servicer from or for the account of the Obligor on or ...
Monthly repayment is the amount of money that a borrower pays to the lender every month in order to ensure that the loan is paid off with interest within the specified time.
What is total payment in finance? ›
Total payment volume (TPV) represents the total monetary value of all transactions processed by a payment platform over a given period.
What is total monthly payment? ›
Here's how it works: Principal + interest + mortgage insurance (if applicable) + escrow (homeowners insurance and tax) = total monthly payment.
What is the total of payments? ›
Total of Payments: The amount you will have paid after you have made all payments as scheduled during the entire term of the loan.
What is the meaning of total payment due? ›
Total Amount Due is the amount due for payment as on the statement date. It includes your opening balance, new purchases, fees & finance charges if any, minus your last payment or any other due credits.
How is total monthly payment calculated? ›
Divide the loan amount by the interest over the life of the loan to calculate your monthly payment.
How do you calculate total monthly? ›
Calculating gross monthly income if you're paid hourly
First, to find your annual pay, multiply your hourly wage by the number of hours you work each week and then multiply the total by 52. Now that you know your annual gross income, divide it by 12 to find the monthly amount.
