Although Mint loans are not currently available, you may want to look for a loan which has similar features such as:
- An instant decision
- Low APR (even lower for existing customers)
- Optional payment protection insurance
- The choice of a repayment term between 1 and 7 years
When looking for a loan, you can use loan calculators to get an idea of what your repayments might be from different providers. As Mint loans are not currently taking new loan applications there is not a Mint Loan calculator on their website. However many other providers do offer loan calculators you can use. You just need to enter how much you want to borrow and how long you would like the repayment term to be.
Most loan calculators calculate the estimate using that lender’s Representative APR, however if you decide to apply for the loan you may be offered a different APR which will change how much you are expected to repay. This is because lenders can adjust the APR they would be willing to give someone following an assessment of their financial circumstances.
Before you apply for a loan
As taking out a loan is an important decision you should think if you have any other options before taking one out. If you have any savings it might be beneficial to use these instead, it may be that the interest you pay on a loan will be higher than any interest you earn in your savings.
It is also important to consider if you are thinking of taking out a loan to consolidate debt that spreading your payments over a longer term means you may ultimately be paying more overall than with your existing arrangements, even if the interest rate on this new loan is less than the rates you have at the moment.
To compare leading loan deals on the market to make sure your find a loan that is right for you, either use our free loan calculator or click on the links above.