Personal loan calculators 2018 | finder.com

Personal loan calculators 2018

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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?

Personal loan monthly payment calculator

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?

Debt consolidation savings calculator

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?

Loan comparison calculator

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?

Personal loan borrowing power calculator

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?

Car loan monthly payment calculator

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?

Business loan calculator

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.

Bottom line

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.

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2 Responses

  1. Default Gravatar
    ElizaJanuary 10, 2018

    I recently turned 18 and am in need of a car. My previous car I totalled so my family said they wouldn’t help me finance another one and that I would have to do it myself. I bank with a credit union under my grandmothers account so I don’t know if I can get a loan on my own. I also live in Alabama and I know for like getting an apartment you have to be 19 and I didn’t know if the same was with cars.

    • finder Customer Care
      RenchJanuary 11, 2018Staff

      Hi Eliza,

      Thanks for reaching out to us. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.

      You can also have a look at this page for loans for 18-year-old that you can compare and get helpful information.

      Before applying for any loan, please ensure that you meet the eligibility criteria and requirements of the loan option or lender and make sure to read the details, as well as the relevant PDS/ T&Cs of the loan option before making a decision and consider whether the product or option is right for you.

      Best regards,
      Rench

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