|
How
to Compare Loans Based on Type, Cost and Fees
What loan
will best meet my needs?
Use this checklist to compare 3 types of loans based on type, cost,
and fees:
Consumer
installment loan
|
Auto
loan |
Personal
loan
Computer |
Personal
loan
Furniture |
| Will
I be charged a maintenance fee? |
|
|
|
| Is
there a service charge? |
|
|
|
| Are
there late fees? |
|
|
|
| Is
the interest rate variable? |
|
|
|
| Is
the interest rate fixed? |
|
|
|
Credit
card
|
Department
store |
Gasoline |
Other |
| Will I
be charged a maintenance fee? |
|
|
|
| Is there
a service charge? |
|
|
|
| Are there
late fees? |
|
|
|
| Is the
interest rate variable? |
|
|
|
| Is the
interest rate fixed? |
|
|
|
Home
loan
|
Home
purchase |
Home
refinancing |
Home
equity |
| Will I
be charged a maintenance fee? |
|
|
|
| Is there
a service charge? |
|
|
|
| Are there
late fees? |
|
|
|
| Is the
interest rate variable? |
|
|
|
| Is the
interest rate fixed? |
|
|
|
|