Should You Get a Personal Loan?
A personal loan can be a great way to consolidate high-interest credit card debt or fund a major life event. Unlike credit cards, a personal loan provides you with a fixed monthly payment and a clear end date for your debt.
When using this calculator, pay close attention to the Total Interest Paid. Even a small reduction in your APR (Annual Percentage Rate) can save you hundreds, if not thousands, of dollars over the life of the loan. Always compare lenders to find the best rate for your credit profile.