Find the right personal loan calculator to help you make a more informed choice.
It’s not always possible to pay in cash for every expense that comes your way, sometimes you need financing. This is why many people choose to take out personal loans at one point or another.
Before applying for a personal loan, it’s a good idea to know how much you’ll be expected to pay each month — and if you’re consolidating debt, exactly how much you could save in interest. To to work this out, you can use a personal loan calculator.
Which personal loan calculator should I use?
When you’re thinking of taking out a personal loan there are several features you to consider before making a decision.
You should have a good idea of how much you can afford. You should also understand what your monthly repayments are. And to make sure you’re getting the best deal you might want to make a detailed comparison of your top two or three choices.
Use the calculator (or calculators) that answer any questions you might have about personal loans — whether you’re just starting out or deciding between two offers.
How much will I pay each month?
Monthly repayments are where you feel its cost the most on a personal loan. Use our monthly repayment calculator to make sure you’re signing up for a loan that you can comfortably afford without putting your credit score at risk.
How much can I save by consolidating my debt?
You might have heard that a debt consolidation loan can help you save or get out of debt faster. But that’s not always the case. Use our debt consolidation savings calculator to find out if a debt consolidation loan is actually worth it.
How do I decide between two loans?
When you’re comparing two loans, sometimes it can be difficult to tell which will is actually right for you. Our loans comparison calculator helps you make a complete side-by-side comparison.
It can also help if you’re interested in refinancing a loan you’re already paying off.
How much can I borrow?
Your credit score and income can often give you an idea of the rates and terms you can qualify for with a lender. But how much you can afford to borrow can be more complicated.
Our borrowing limits calculator can help you figure out how much you can comfortably afford to borrow, what monthly repayment to look for and what you’d end up paying in interest on that loan.
How much will I pay each month on a car loan?
Like with a personal loan, your monthly repayments are usually where you feel the cost of a car loan the most. Our car loan monthly repayment calculator can help you figure out how much your loan will cost in the short and long term.
Which loan is right for my business?
Comparing interest and fees can help you weed out lenders when you begin to look for a business loan. But once you’ve narrowed down your options you might want to take into consider other factors that affect the cost of your business loan.
Our business loans calculator can help you make a quick, detailed comparison of two new loans or your current loan and a refinancing offer.
Using a calculator when you’re trying to find the right kind of loan can help you save in the short and long-term. It can also help you avoid taking on debt that you can’t afford.
Ready compare lenders? Head over to our personal loans guide to get started.