Savings Calculator


A LoanWell loan for $10,000.00 at an interest rate of 1% with a 36-month term would save $0.00 in interest paid and reduce your monthly payments by $0.00/mo.

Current Loan

$
%
months

LoanWell Loan

%
months
Current LoanLoanWell Loan (Savings)
Total Interest Paid$0.00$0.00 (+$0)
Monthly Payment$0.00$0.00 (+$0/mo)
Interest Rate10.00%1.00% (+0.00%)
Term in Months3636

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FAQ

What is LoanWell?

We are a lending platform that helps you save money by financing with your community - who earn the interest instead of the bank.


Am I Eligible?

Yes! Unlike most lending platforms that have credit requirements, we strive to help everyone find cheaper financing from within their network.


What if my community or network doesn't have a lot of disposable income to lend?

We've worked really hard to make the platform as equitable as possible. One way we've done that is through crowdfunding, where you can invite several people to lend small amounts of money to sum up to your total need (i.e. $500 loan from 10 people = $5,000).


What if I can't get the total amount I need from community?

We've partnered with several third-party lenders to help provide the additional capital you need in the event you are not able to raise your total amount from your network.


How much does it cost to use LoanWell?

Check our most up to date pricing here


What’s the catch? Are there any hidden costs?

When it comes to money, we believe that no one should feel confused or misled. We want to be upfront about our costs so that our customers can focus on getting the support they need from our system.


Better Efficiency for Your Team

LoanWell is a End-to-End platform for Lenders with Intake, Origination, Underwriting, Closing, Servicing, & Reporting all in one platform. Our system can be completely branded and customized (like Squarespace) and is specifically designed with flexibility in mind for the multi-faceted origination and servicing needs of Lenders.


LoanWell's services are not an offer to sell securities nor a solicitation of an offer to buy securities. LoanWell does not give investment advice, endorsement, analysis or recommendations with respect to any securities and is not a lender, financial institution, broker, venture fund or an investment advisor.