For illustrative purposes only, assume a three-year $10,000 personal loan has an interest rate of 5%, with 2% being charged by you as the lender, and Legacy charging 3%. There is no origination fee. Your family would receive $10,000 and make 36 scheduled monthly payments of $277.78. A five-year $10,000 personal loan would have an interest rate of 5%, and no origination fee. Your family would receive $10,000 and make 60 scheduled monthly payments of $166.67. For current Legacy rates, please visit our pricing page.
