How to Use a Personal Loan Calculator

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Starting a new loan is a very big decision. Comparing interest rates and deciding if monthly payments are affordable can make your head spin, but there are valuable resources that can help. A personal loan calculator is a (usually) free tool that allows a customer to compare details of different loans.

You don't have to speak to a loan officer or to any specific company to use a loan calculator. Best of all, there’s no credit check involved, and you don't have to sign up for anyone's email list. In fact, these tools are perfect for comparing the basic facts of prospective loans to determine which one is a good fit.