The time you spend paying off your loan has a huge impact on how much your lender earns in interest. Sometimes it can have high monthly payments!

Many lenders such as finbro offer personal loans with no application or disbursement fees and will not charge you a penalty if you repay the loan early. But these aren't the only fees to consider - look at the fee schedule to determine how much the lender charges for late or back payments.

However, don't let fees disqualify a particular lender. In some cases, a loan with low interest rates may cost less even if you have to pay some fees.