Comparing loan offers step by step

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A useful personal loan comparison starts with the amount you need and the payment you can manage. Write down the APR, fees, repayment term, and total amount due for each offer. Check whether the quoted rate is fixed and whether an origination fee reduces the money deposited into your account. A lower monthly payment alone does not show which offer costs less overall.

Loans in Focus — related reading: how to compare a personal loan with a credit card.