If a lender uses the simple interest method, it’s easy to calculate loan interest. You will need your principal loan amount, ...

Online loan calculators: You can find loan calculators on bank and financial websites where you can plug in your loan terms (balance, length, rate, etc.) to see how much you’ll pay in interest.

Auto loan interest is the cost of borrowing money to purchase a car. The lender will look at your credit score, debt-to-income ratio and other factors to determine what interest rate it offers.

The interest rate your lender gives you isn't the true cost of your mortgage. Learn how to calculate your effective interest ...

Generally, longer-term loans have higher interest rates. According to Ken Flaherty, senior manager of retail lending for ...

Running a business often involves strategic borrowing, whether it’s to expand operations, purchase equipment, or manage ...

How much home you can afford on $80,000 a year, though, depends on your location, down payment, property taxes and other ...

To apply for a personal loan, first ensure your credit is as strong as possible. From there, explore lenders that offer ...

It's possible to borrow a large sum, but you'll need to meet the requirements.

While you generally can’t request a lower interest rate on a student loan, there’s no limit to how many times you can refinance to take advantage of a lower rate.

For example, if you had a $30,000 loan, you'd save $468 in interest over 10 years by going from a 7.5% rate to a 7.25% rate. Some private lenders also offer rate discounts for other reasons.

For example, if you take out a five-year loan for $20,000 and the interest rate on the loan is 5 percent, the simple interest formula would be $20,000 x .05 x 5 = $5,000 in interest. Who benefits ...