How can a loans calculator save you money?

Loans calculator tools that can be found online are often capable of helping people to save money by allowing a more accurate comparison of various loans. For instance, a loan with a 9.49% p.a. interest rate with a 2 year minimum term against a loan with a 10.99% p.a. interest rate with a 1 year minimum may not provide the best deal, but a loans calculator can help to clarify which is optimum.