How to Find a Personal Loan Estimator
A personal loan differs from mortgage or auto loans in a few ways. Generally speaking, the interest rate charged on personal loans is higher than the interest rate charged on mortgage or auto loans. Likewise, the life of the loan is significantly shorter than a mortgage loan and often shorter than an auto loan. A personal loan estimator can allow you to understand how much the loan will cost you or how much you will owe per month.
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Instructions
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Visit the site of a company that specializes in providing financial information. These sites do not offer or facilitate loans; however, they do provide you with sufficient information to allow you to understand the basics of loans (see Resources).
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Visit a bank website. Banks often include loan calculators on their sites so that bank patrons can understand loan costs before they actually apply for a loan (see Resources).
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Visit the website of a credit card company. These companies sometimes specialize in offering personal loans in addition to credit cards (see Resources).
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