Short Term Loan Interest Calculator

Interest Rate
Total Interest Cost  =  360USD
Total Repayment  =  18360USD
APR (Annual Percentage Rate)  =  104.29USD
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Short Term Loan Interest Calculator is an online personal finance assessment tool to calculate the APR, total interest and total repayment the borrower should repay on the principle. The loan amount, time period either in month or week, interest rate in percentage either for week or month are the key terms to determine the best interest rate to choose. Short term loans, unlike the secured loans do not require time-consuming processes such as property valuation and credit check in order to help borrowers meet their immediate needs. But generally they are only available for consideably higher interest rates than traditional loans. In order to avoid debt trap the comparison between the loan options must be done before you opt for any loan agreement. So when it comes to online calculation, this short term loan calculator assist you to determine the best interest rate.