Option One

Total borrowed $10,000
Training 3 times per week draws on account = $900
Completed training in 11 weeks
Estimated total interest on draws by12th week = $580
Make 6 semi monthly payments of $250 as required = $1,500
Completely pay out balance of loan at 12th week final payment $9,080

Option Two

Total borrowed $5,000
Training 2 times per week draws on account = $600
Completed training in 8 weeks
Estimated total interest on draws by 8th week = $184
Make 4 semi monthly payments of $125 as required = $500
Completely pay out balance of loan at 8th week final payment $4,684

Option Three

Total borrowed $10,000
Training 1 times per week draws on account = $300
Completed training in 33 weeks
Estimated total interest on draws by 33rd week = $1,391
Make 14 semi monthly payments of $250 as required = $3,500
Completely pay out balance of loan at 34th week final payment $7,891

Option Four

Total borrowed $10,000
Training 3 times per week draws on account = $900
Completed training in 11 weeks
Estimated total interest on draws by 12th week = $580
Make 6 semi monthly payments of $250 as required = $1,500
Balance of loan at 12th week total $9,080
Interest on loan per month if 100% drawn by week 12 = $358

Loan Options

The options presented here are estimates only and actual amounts will vary depending on the frequency at which you train and the time you take to repay the loan. Interest is calculated on only on the amount actually used for training (drawn funds).

 

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