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How long to repay calculator

How long to repay calculator

An important consideration when looking at taking out a loan – whether it be for a home, car or otherwise – is how long you’ll need to be able to pay it off. Interest rates, repayments and the loan principal all contribute, so our “How long to Repay” calculator takes all of these data points into account and provides you with a handy graph, outlining the length of the loan. You can also select the repayment frequency, and see the difference that can make to the overall term. The amount of interest and total payment is also calculated, giving you a great summary of a potential loan option. This works similarly to our How Long to save calculator for your savings goals – it’s always handy to have an idea of how long things will take. The next time you’re shopping around for a good deal on a loan, be sure to get in touch with our Finance team at McKinley Plowman and we’ll help you organise what you need to get you the right loan for your needs and circumstances, and also check out our loan comparison calculator.

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