Many people take out a personal loan to cover the cost of a large purchase such as a car. The loan calculator gives you an illustration of what the monthly repayments and total repayable might be for the amount you want to borrow over your chosen term. Unless you have got substantial savings, a loan is often the only way to get hold of a lump sum. You simply put in the amount you want to borrow, the duration and the likely interest rate. Use this loan calculator to see how much a loan will cost you.
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