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  2. How to calculate loan payments and costs - AOL

    www.aol.com/finance/calculate-loan-payments...

    A personal loan calculator allows you to compare the payments on a variety of loan terms to figure out which one is the best fit for your budget. This is important because personal loan interest ...

  3. How to calculate interest on a loan: Tools to make it easy

    www.aol.com/finance/calculate-interest-loan...

    You can calculate your total interest by using this formula: Principal loan amount x Interest rate x Loan term in years = Interest. For example, if you take out a five-year loan for $20,000 and ...

  4. What is a debt consolidation loan — and how can it help you ...

    www.aol.com/finance/what-is-a-debt-consolidation...

    A debt consolidation loan is best for when you have unsecured debt that you can’t pay off within a year — such as credit cards and high-interest personal loans. Loan amounts can range from ...

  5. Amortization calculator - Wikipedia

    en.wikipedia.org/wiki/Amortization_calculator

    Amortization calculator. An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

  6. How to get a personal loan in 9 steps - AOL

    www.aol.com/finance/personal-loan-8-steps...

    Next steps: Check the websites of some personal loan lenders to get an idea of the rates and terms they offer. You should also check their rates and use them with a personal loan calculator to get ...

  7. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    In finance, a loan is the transfer of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money ...

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