How do I use a bank loan calculator?

How do I use a bank loan calculator?

How do I use a bank loan calculator?

A bank loan calculator can be a very helpful tool when applying for a loan, and it couldn’t be easier to use. Fill out the total loan amount you’d like to apply for. Leave out decimal points or spaces. The next step is to fill in the interest percentage you would like to qualify for. However it’s important to remember that this rate is calculated according to your personal risk profile. Last, decide on a repayment term that you can comfortably commit to. We offer repayment periods of between 12 and 72 months – the shorter the term, the less you pay back in interest over the long run.