This calculator comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for finance or any indication that an application has been received or approved. The repayments quoted may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.
If you want the lowest personal loan interest rates on the market, our loan experts at Jade Finance have you covered. It is important to understand that the loan amount a borrower is offered is completely dependent on their credit score, loan amount, loan term, loan type, and specific lender policies.
The way we calculate interest on personal loans is simple. For example, a $25,000 personal loan at a 6% interest rate over 5 years will require a borrower to pay approximately $483.32 per month. This will result in sixty total repayments and about $1,999.20 in interest over the course of the loan.
For whatever big purchase you have your eye on, securing a personal loan can help you get there faster. For quick, easy and immediate information regarding your estimated loan repayments and the total cost of your loan, head to our personal finance calculator.
Enter the amount you wish to borrow as well as the loan type (secured or unsecured), the loan term and repayment schedule, and the interest rate (if it differs from the autogenerated one). Our calculator provides a simple and easy-to-understand breakdown of your estimated monthly repayments and the total amount of interest you will pay on your home renovation, travel, wedding, medical or other type of personal loan.
The total amount of money you wish to borrow for your personal loan purchase is known as the ‘borrow amount’. When inputting this amount, it should include any additional costs. These costs can include registration and insurance if you are intending to purchase a boat, car, caravan or other motor vehicle.
When inputting the interest rate, borrowers should enter the competitive interest rate being offered by Jade Finance for either secured or unsecured personal credit facilities at that point in time. Entering a rate that is representative of your credit profile and the lending market is crucial because it will significantly affect the repayment amount shown by the calculator.
In this field of the calculator, borrowers are required to indicate the length of time they intend to repay their personal loan over. Typically, personal finance terms range from 1 to 7 years. It is important to understand that the longer a loan term is, the lower the monthly payments will be and the higher the overall interest paid will be, and vice versa.
Personal loans can be repaid monthly, bi-weekly, or weekly. In the repayment schedule field, borrowers must decide the repayment frequency that works best for them. Borrowers should spend time choosing a well-thought out schedule because it will directly impact their cash flow.
Our personal loan repayment calculator provides borrowers with an estimation of their repayments, not a finance offer or approval. When you contact us for a quote, the actual loan amount we provide may vary to the one provided by the calculator due to fees and charges imposed by the lender.
Each borrower’s funding application is different. Our calculator is unable to account for these differences which can often mean the final repayment amount may be higher or lower than the estimate provided. Credit score, loan type, rate type and more are all factors that can impact the total amount a borrower may be required to repay on their personal loan.
Our online personal loan calculator is designed to calculate repayments with compound interest and does not work for interest-only loans. By adjusting the amounts inputted into the calculator, buyers in the market for a personal loan can physically see how different loan terms will affect their repayment amount.
To get an exact quote or to further explore your loan options, give our experienced Jade Finance team a call or connect with us online.
If you’re in the market for a home renovation, travel, wedding, medical or other type of personal loan, our online loan repayment calculator can help you compare various loan options. To get started, simply enter and adjust the loan amount, interest rates, and terms to see what works best for you.
Borrowers can choose between fixed or variable interest rates, with each offering unique benefits. Fixed rates provide predictable monthly payments which can assist with budget stability, while variable rates fluctuate, possibly offering significant savings if rates drop.
Available personal loan types range from 1 to 7 years. Borrowers who opt for a shorter term will experience higher monthly payments but less overall interest, while longer terms result in lower monthly costs but can increase the total interest paid over time.
Our online personal loan repayment calculator allows borrowers to find the best possible finance for their specific needs and requirements.
The two main types of personal finance are secured and unsecured credit products.
Secured loans use the goods being purchased as collateral. With that assurance, lenders can offer lower rates than on loans without collateral.
Secured personal finance typically has a fixed rate. Unsecured loans may have fixed or variable rates. Variations occur with different lenders.
Unsecured personal credit may be obtained for a holiday, subject to lender approval.
Finance offers can vary from estimates derived using an online calculator. Calculators do not have the functionality to check credit scores and individual applications. Calculators do not allow for lender fees and charges which vary with different lenders.
Unsecured credit may be approved without collateral, subject to the strength of the individual application and the lender.
Secured financing is used to acquire goods which are deemed suitable collateral. These can include motor vehicles, watercraft, motorbikes, caravans and similar goods.
To apply for personal finance, applicants must be over 18 and provide documentation on their income and financial status, residency, ID, expenses and similar personal information.
Used vehicles may be financed with a secure loan where the lender accepts the car as suitable collateral for the credit.
Borrowing limits are established by lenders following an assessment of the individual application. The limit can depend on the earnings capacity, debts and expenses, and credit score.
Jade Finance simple fast approval application process quickly delivers back all the information you need to help you make the right choices on your finance needs. We pride ourselves on delivering better loan interest rates. Simply you will find our loan packages hard to beat.
