Skip to main content

Using online loan calculators to find the best loan option

Using an online calculator is a great way to find the best deal on a loan, allowing you to compare loans and work out how much you can afford to borrow. There are many different types of loan calculators, from car loan calculators to personal loan calculators, to a whole range of calculators for home loans.

Using an online loan calculator to work out a budget

Online loan calculators can help you work out how much you can afford to borrow before you take out a loan. The key to finding the best loan is finding a loan that is affordable. Note down all your incomings and outgoings, and work out how much you can afford to pay back on your loan each month. Then use the loan calculator to find a loan that fits within this budget.

You can use the calculator to play around with different repayment options, and find a repayment schedule that works for you. This will help you work out how much you can afford to borrow overall, and how long you will need to pay it back.

Using an online loan calculator to compare loan options

Online loan calculators come in very handy when you are comparing loan options. If you are comparing different loans from different providers, a loan calculator can help you compare the amount you will pay in interest each month and the amount you will pay in interest on the loan overall. This can help you find the cheapest loan option.

You can also use a loan calculator to compare loan options from the same provider. By using the calculator to compare loans with different interest rates borrowed over different loan terms, you can compare the total amount repaid in interest, helping you to find the most affordable option.

Find the best online loan calculators

There are many online loan calculators to choose from. It’s simply a matter of trying a few of them out and deciding which one offers you the information you need. Some offer helpful graphs, giving you a more visual picture of the interest/principle breakdown, while some offer tables with a month-by-month breakdown.

Different types of online loan calculators

·         Car Loan Calculator: Helps you compare car loans.
·         Personal Loan Calculator: Helps you compare personal loans.
·         Home Loan Calculator: Helps you compare home loans.
·         Honeymoon Loan Calculator: Helps you compare loans with honeymoon periods.
·         Extra Repayments Calculator: Helps you work out how much you will save in interest when you make extra repayments on your loan.
·         Borrowing Power Calculator: Helps you work out how much you can borrow according to your salary and existing financial commitments.

Find the best finance option

If you want to find the best finance option, you will have to compare all your options. Check out loans from various providers using a loans comparison site, or use a broker such as Lend Me Finance to find the best loan and the best loan features, at the best price.


Popular posts from this blog

Bissell Vac and Steam Machine Review and Giveaway

I have hard floors downstairs which I love.  They are much more practical than carpet with 2 mucky boys and a dog. Over the past 8 years I have tried all sorts of ways to keep them clean and I think I have finally found the product that does that for me. It is the  Bissell Vac and Steam Machine .  This amazing suel action machine vacuums and steam cleans either independently or at the same time.  It means that I have done away with my vacuum and steam cleaner downstairs (which I gave to my brother in law). What I like: You can either vacuum or steam clean or do both It is lightweight and easy to manoeuvre The handle is adjustable great for a home with people of different heights and for getting the kids involved. You need no chemicals The pads are washable and reusable It comes with a two year guarantee It warms up fast (within 30 seconds) so no long wait to start cleaning It costs under £100 It is space saving.  No need for a separate vacuum, steam cleaner or mop. 

Tissue paper poppy badges

Remembrance Sunday will soon be upon us and my boys take part in the annual church service and march as Beavers. This year MadDad will also be marching in his capacity as Manager of the U7's football team.  We are great believers in remembering what people have done for us and the boys have been busy making tissue paper poppies at Beavers.

Win A Cineworld Family Ticket

It is half term for us next week and we will be off to our local Cineworld to See Turbo thanks to a complimentary family ticket.  We were blown away at how much effort Cineworld had put into making cinema going better value for families the last time we went.   In addition to Turbo and Cloudy with a chance of meatballs 2 ,  Cineworld are also  running their popular Movies For Juniors screenings throughout half term. They are showing ‘The Smurfs 2’ every morning and tickets for kids and their folks will be just £1.50 (or £1 if people book online with mycineworld). To win a family ticket (4 x tickets) to any film at your local Cineworld just complete the rafflecopter below – Good Luck x a Rafflecopter giveaway