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If you're considering getting a personal loan you should explore various
interest rate and term options to be sure you choose the loan that's best for
you. With this calculator you'll be able to see the effect of different interest
rates and payment terms not only on your monthly payment, but also in your total
interest and total payments. Notice that by decreasing the number of payments
your monthly payment will go up, but your interest and total payments will go
down. Having a lower monthly payment isn't always then best option!
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