Fixed vs Variable Rate

Compare rate types to find the cheaper option for your personal loan

Fixed vs Variable

Fixed vs variable rate comparison

Compare fixed and variable interest rates side by side to see which option costs less over the life of your personal loan.

Inputs

Side-by-side

Fixed monthly

$410

Variable monthly

$401

Fixed total interest

$4,620

Variable total interest

$4,046

Fixed total cost

$24,620

Variable total cost

$24,046

Savings summary

Monthly difference

$10

Interest difference

$574

Total saving

$574

Cheaper option

Variable rate

The variable rate saves you $574 over 5 years. Note: variable rates can change over the loan term.

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