How to get a cheaper loan
The two biggest levers are the interest rate and the term. A shorter term means higher payments but much less interest; improving your credit score before applying can lower your rate.
Frequently asked questions
What's the difference between APR and interest rate?
APR includes fees as well as interest, so it reflects the true yearly cost. Use the APR here for the most realistic comparison between lenders.
Why is most of my early payment interest?
Interest is charged on the remaining balance, which is highest at the start. As the balance falls, more of each payment goes to principal.
Estimates for illustration only, not financial advice.