Library

Loan Detective

Level 1 of 10 · Compare loan offers on total cost, term, repayment and fees.

Case 1: the obvious one

Same amount, same term, no fees. Which costs least in total?

Harbourline Finance

Kōwhai Credit

Lowest total cost

Total cost counts every dollar handed over: all repayments plus fees. Fees marked "added to the loan" are borrowed, so interest is charged on them. Fixed rates, no tax, fictional lenders.