Short Term Loan (APR) Calculator is an online personal finance assessment tool for people who want to opt for financial assistance for very short period of time. Generally, short term loans are available with higher interest rates for short period of time. The principal amount, number of days and the total repayment amount are the key factors to determine APR - annual percentage rate and total interest on the principal amount.
Short Term Loan Calculators are useful when borrowers need a short-term loan on high interest rates for meeting their day-to-day expenses. The loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Finance charges on short term loans vary widely between different countries and between different states. 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. In order to get loan on better annual percentage rate the initial calculation should be made to determine the best option available in the finance market