Friendly Lender Personal Loan Calculator

Loan Calculator

Fill out this simple calculator to get an idea of how affordable a short term loan can be.

Are you getting married soon or planning an overseas adventure, but lack the necessary funds to make it happen?

Personal loans can be a great solution to many common financial situations, from emergency repairs to getting a car loan with bad credit. These loans are simple and quick to secure compared with other sources of alternative financing, and can be used for practically any reason you can imagine.

Friendly Lender’s personal loan calculator is an effective tool that helps you properly budget when you’re looking to borrow money. If you’re interested in obtaining a personal loan, our loan calculator will help you make the right decision for your financial future.

Using the personal loan calculator

Our personal loan calculator will help you calculate how much you can borrow and what you can expect for a repayment schedule. It’s fast and easy-to-use so you can understand your financial options even when you’re in a hurry.

First, simply select your desired loan amount and loan term from the drop-down menus in the calculator. Once selected, the loan calculator will determine the interest rate and the total amount you have to repay.

Feel free to calculate for as many different possible loan rates as you wish. Finding out the affordability of a personal loan couldn’t be any easier!

Why do people need personal loans?

Personal loans help many people regain control over their financial situation. Whether you are stuck with unexpected bills or trying to rebuild a poor credit score, a short-term loan can help you stay afloat and get back on your feet.

Services such as Friendly Lender help people obtain small loans for a variety of common reasons:

  • Debt consolidation
  • Vacations and holidays
  • Home renovations
  • Urgent bills (dental work, car insurance, etc.)
  • Bad credit rating

The list of reasons people need short-term personal loans is diverse and everyone has different needs depending on their financial situation.

How does a loan calculator help?

It is always a good idea to be responsible and informed when it comes to money management. Using a loan calculator before applying for a weekly or monthly loan will help you plan your budget and give you an idea how quickly you will be able to repay your loan.

Determining the affordability of a personal loan lets you know if it’s the right decision to make before making any commitments. Our loan calculator lets you be the judge and take charge of your financial needs.

I’ve found a loan that works for me, what next?

Once you calculate a personal loan amount that gives you an interest rate and total repayment that corresponds to your budget and your needs, you simply need to click on the “Apply today!” button at the bottom of the calculator. This will take you to our loan application page where you can enter your information and receive your loan in a timely fashion.

Conclusion

Proper planning and preparation is necessary when looking for a personal loan in order to successfully meet the repayment requirements. Fortunately, this is easier than ever with our online personal loan calculator.

With a few simple clicks, you will have all the information you need to decide if a loan is right for you and begin taking control over your financial situation.