Use the calculator below to determine what potential loan costs (total amount interest paid as well as estimated monthly payment) can be based on different borrowing amounts, with varying terms and APRs.
Please note, that lenders particpating in the MyChoiceLoans network offer the following:
- Borrowing amounts from as little as $1,000 to as much as $40,000.
- Interest rates ranging from 5.75 to no more than 35.99%.
- Terms from 12 - 72 months.
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Disclaimer: MyChoiceLoans.com is not a lender and does not represent lenders as a loan broker or in any other capacity other than as a loan matching referral service, offering free rate quotes with no impact to your credit. MyChoiceLoans.com does not run your credit and is not acting as a credit services agent for you. Lenders may perform a soft pull of your credit during the free rate quote process. Soft credit pulls have no impact to your credit scores or rating. You must select a rate quote and then finalize your loan directly with the lender with which you have selected. Any credit product for which you apply is solely the product of the lender. Most lenders will perform a hard credit check under the Fair Credit Reporting Act in order to evaluate your request promptly and adequately. Your permission will be asked for prior to any hard credit inquiry being performed. Final rates, terms and fees will be based on your individual credit history and underwritten by the lender NOT MyChoiceLoans.com. MyChoiceLoans.com cannot guarantee final terms, rates or repayments as they vary by lender. Providing your information on this Website does not guarantee approval for a product offering. There is no charge to use the MyChoiceLoans.com service. MyChoiceLoans.com may receive compensation from a lender in certain circumstances.
Representative Personal Loan Example: For a $5,000 36-month loan at an interest rate of 6.03% with a 1.11% origination fee of $55.50, you will receive a loan amount of $4,944.50 and will make 36 monthly payments of about $152.18 at a 6.78% APR. Total loan cost would be $5,478.48.