LoanMe is excited to present this soft release of our simple interest loan calculator to the DailyFunder. The final version will be located on our website over the next few weeks. The calculator is functional.

This calculator presents borrowers with the ability to see how adding to their minimum monthly payment reduces the amount of interest charged with our loans. Borrowers also have the ability to just make the minimum monthly payment and pay-off the loan at any time (no pre-payment penalties) which eliminates future interest on the loan.

www.loanme.com/loancalculator

*When clicking on the link above, you do not need to enter your information on the right. Simply scroll down to use the functioning simple interest loan calculator.