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Sample Finance Repayment Schedule

Open Range Academy Finance Application

Monthly Payment Examples

** payments are examples and illustration purposes only

Loan Amount
(Excellent/Good Credit)
(Fair Credit)
(Poor Credit)
$1,000
$30.79/3 year
$42.43/3 year
$40.83/3 year
$2,000
$61.57/3 year
$74.28/3 year
$84.85/3 year
$3,000
$92.35/3 year
$111.42/3 year
$127.28/3 year
$4,000
$92.02/5 year
$121.13/4 year
$154.30/3 year
$5,000
$115.03/5 year
$151.41/4 year
$192.88/3 year
$6,000
$138.03/5 year
$181.69/4 year
$231.45/3 year
$7,000
$161.04/5 year
$211.97/4 year
$270.03/3 year
$8,000
$184.04/5 year
$242.26/4 year
$308.60/3 year
$9,000
$207.05/5 year
$272.54/4 year
$347.17/3 year
$10,000
$230.05/5 year
$302.82/4 year
$385.75/3 year
$11,000
$253.06/5 year
$333.10/4 year
$424.32/3 year
$12,000
$276.06/5 year
$363.38/4 year
$462.90/3 year
$13,000
$299.07/5 year
$393.66/4 year
$501.47/3 year
$14,000
$322.07/5 year
$423.94/4 year
$540.05/3 year
$15,000
$345.08/5 year
$454.23/4 year
$578.62/3 year

FAQs

Payment terms questions:

Credit Rating

What are the credit rating standards?

Credit score of 720+ = Excellent; 660-719 = Good; 620-659 = Fair; <620 = Poor.

1.

Payments Terms

What will my payment terms be?

Your interest rates and re-payment schedule are offered by the lender and it will be unique to you. If you qualify for a 5 year term you will also be provided options for 4, 3, and 2 year terms.

2.

Not answered above?

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Helpful Links

Finance links you may find useful.

Program Cost Estimates: Click Here

Finance Application Basics: Click Here​

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