Loan Parameters
Loan Amount (Principal)100,000 ETB
10k ETB500k ETB2M ETB
Annual Interest Rate (%)14.5%
5% (Subsidized)14.5% (Typical Bank)30% (Microfinance)
Loan Duration3 Years (36 Months)
Monthly Installment
3,442ETB / mo
Principal Amount
100,000 ETB
Total Interest
+23,916 ETB
Total Repaid Over 3 Years
123,916 ETB
81% Principal
19% Interest
19% Interest
Year-by-Year Payoff Overview
Year 1
Principal: 28,660Interest: 12,645
Year 2
Principal: 33,104Interest: 8,201
Year 3
Principal: 38,236Interest: 3,069
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