| Loan amount | ₦100000.00 |
| Interest rate | 5.00% |
| Number of months | 10 |
| Total paid | ₦102305.96 |
| Total Interest Paid | ₦2305.96 |
Loan Amount:This is the amount of money you want to borrow.
Interest Rate:This is the percentage of interest the bank will charge for borrowing you money.
Loan Tenor:This is how long you will be you need the loan for ,it could be in months.