Loan Calculator
A loan calculator is used to work out exactly what you can expect to repay when you take out a loan. Some loan calculators are very rough and ready affairs, or have preset factors depending on which lenders website you are at. These types of loan calculators give a pretty solid indication of what the final offer will be from the lenders. Others are flexible and allow you to put in different APR levels, lengths of repayments, and various other factors (including what you estimate your credit rating might be) to give you an idea of what is possible without actually giving you accurate details of any final offer.
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