Calculator

Loan Comparison Calculator

Use Loan Comparison Calculator to Compare Different Loans

Are you confused between different types of home loans and not sure which one should you choose? You can use our comparison home loan calculator to crunch the numbers. With the help of this calculator, you would come to know what interest you could pay over the life span of different loans. Furthermore, you will also have an idea of what monthly repayments you may have to face at different interest rates. You need to enter the information in the following field when using this calculator:

Enter the loan amount you are likely to borrow.
Input the time duration you have to repay the borrowed loan amount.
The upfront fee is a fee that you will have to pay when you apply for a loan, which usually includes application fees or establishment fees.
The ongoing fee that you will pay throughout the lifespan of the loan.
In the loan comparison calculator, you will see an introductory rate that is offered by the lenders for a specific time period at the beginning of your loan. It can be fixed or variable. After the expiry date of the introductory rate, it will go back to the lenders’ standard interest rate.
An introductory term defines the duration of time you’ll be on an introductory rate before it goes back to the lender’s normal interest charge.
The ongoing interest rate can either be fixed or variable at which you repay the amount of the loan when the introductory rate is expired.

In this way, a loan calculator comparison will help you know which loan type would best match your financial circumstances.