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 friends and family - 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 friends and family don'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 crowdlending, where you can invite several people to lend smaller 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 friends and family?

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.