How to use it
- Step 1.Enter the total amount you plan to borrow.
- Step 2.Add the annual interest rate shown by your lender.
- Step 3.Select the loan term in years.
- Step 4.Compare the monthly payment and total interest before applying.
Step-by-step guide
How to use the Loan Calculator
Follow these steps to enter the right values, understand the output, and compare realistic scenarios using the loan calculator.
Helpful next steps
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