In addition to the unique interest rates they carry, debts are governed by a host of repayment conditions that cannot be generalized. One common feature remains, however, present on almost all loans people take-out: Interest. Interest rates, repayment terms, loan life length, and other factors distinguish one loan from another, and make each type of credit product appropriate for particular uses. Repayment obligations are all over the board when it comes to money borrowed. Each loan comes with its own terms, depending on where and when it is issued – and by whom. Loans are issued for consumer purchases ranging in value from insignificant daily items, to high-ticket once-in-a-lifetime buys, like vacation homes. We publish current local personal loan rates to help borrowers compare rates they are offered with current market conditions and connect borrowers with lenders offering competitive rates.

Our site also offer specific calculators for auto loans & mortgages. We also provide the ability to create an inline amortization table below the calculator, or a printer friendly amortization table in a new window. If you are uncertain of how much you need to borrow, you can have it automatically calculated by entering any associated purchase, sales tax & application fees in the first section which appears if you expand the 'Optional Advanced Data' drop down.Īt the bottom of the calculator you can choose to create a share link for your calculation. We will quickly return your payment amount, total interest expense, total amount repaid & the equivalent interest-only payments to show how much you would end up spending on interest if you did not pay down the balance.Įnter the loan amount in the calculator if you know how much you will finance. Simply enter the amount borrowed, the loan term, the stated APR & how frequently you make payments.

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