Local tool · Under review

Compare two or three personal loans

Use the same received amount to look separately at the installment and the modeled cost of financing each offer.

Educational use. Figures are estimates, not professional advice or offers. Check the actual terms.

Read the full use notice

These tools are for educational purposes. Their results are estimates that depend on the inputs and the assumptions stated in each calculator.

They do not constitute financial, tax or legal advice, personalized recommendations, offers or contractual terms. Check actual costs and contracts and consult a qualified financial professional before deciding.

To the extent permitted by applicable law, we are not responsible for losses or damage arising from decisions made solely on the basis of these estimates. This notice does not exclude or limit rights or liabilities that cannot legally be excluded or limited.

Compare your offers

Format

Currency

Local calculation. The limits are from this tool in USD; do not enter personal data.

Common amount received (USD)

The same principal for all; maximum 1,000,000,000.00 USD.

Offer A

Short name

Fixed nominal annual rate

Use the nominal annual rate of interest, not the APR disclosed by the lender. Do not infer one from the other.

Years

Months

Upfront fee paid separately

Optional; paid separately before the first installment. Maximum 1,000,000,000.00 USD.

Offer B

Short name

Fixed nominal annual rate

Use the nominal annual rate of interest, not the APR disclosed by the lender. Do not infer one from the other.

Years

Months

Upfront fee paid separately

Optional; paid separately before the first installment. Maximum 1,000,000,000.00 USD.

The comparison will appear here

Enter the common amount and two offers. You can add a third.

An example

Fixed example in USD, with two decimal places and a decimal comma. With 10.000,00 of common principal: A at 12% for 12 months with no fee has a payment of 888,49 and a cost of 661,86; B at 10% for 24 months with a 200 fee has a payment of 461,45 and a cost of 1.274,79; C at 8% for 36 months with a 100 fee has a payment of 313,36 and a cost of 1.381,13. Choosing another currency does not convert the amounts, but it does determine how many decimal places are allowed for entered amounts and how results are rounded.

Method and assumptions

A fixed nominal annual rate divided by 12 is used, with interest on the balance at the start of each month and installments at the end of the month.
The installment and interest are rounded to the smallest unit of the chosen currency; the last installment settles the balance and may vary.
The modeled financing cost is interest plus the upfront fee. The modeled cash outlay is total installments plus that fee.
The upfront fee is paid separately before the first installment; it is not financed nor deducted from the capital received.

Before deciding

This educational model does not calculate APR or CAT and does not represent the contractual total. Do not infer a nominal rate from the disclosed APR without knowing the contract. Actual loan offers may differ in their fees, disbursements, rates, and payment schedules; if a fee is financed or deducted from the money delivered, this model does not reproduce that offer. It does not include extra payments, insurance, taxes, or balloon payments. Consult the lender's documentation.

The CFPB explains why it is advisable to look at the term and cost in addition to the installment; also distinguishes between interest rate and APR and describes possible fees in personal loans. These sources guide the comparison, but do not validate the conditions of a specific offer.