Compare loan offers and see the real cost of borrowing
A clear comparison of loan or financing offers showing total cost, fees, and risky terms in plain language.
The prompt
Help me compare loan or financing offers and understand what each will really cost me.
What the loan is for: [e.g. "car", "home repair", "consolidating credit cards", "furniture with store financing"]
Offers: [for each: lender, amount, interest rate or APR, term, monthly payment, fees, promo periods - paste the details]
My budget for a monthly payment: [AMOUNT]
How soon I might pay it off early: [e.g. "probably not", "within a year"]
Give me:
1. A table: Offer | Monthly payment | Term | APR | Upfront fees | Total paid over the loan | Total interest and fees. Show the math simply. If a number is missing, mark [ASK LENDER] instead of guessing.
2. A plain explanation of the difference between interest rate and APR, and why a lower payment can cost more overall.
3. Terms to watch for in each offer: deferred-interest promos, prepayment penalties, variable rates, balloon payments, required add-ons like insurance.
4. Questions to ask each lender before signing.
5. Whether I should borrow at all: a short check on alternatives such as saving first, a cheaper option, or a smaller amount.
6. My best option based on my inputs, and why.
Keep the language plain. This is general information; I should read the final loan agreement carefully before signing.
Highlighted [brackets] are blanks to replace with your own details.
Fill in the blanks and use this promptMore Personal Life & Wellbeing prompts
What to fill in
- AMOUNT
- e.g. "probably not", "within a year"
- ASK LENDER
How this prompt is built
This prompt follows the Few-Shot structure (Few-shot prompting). A few-shot prompt includes one or more worked examples of the input and the output you want, so the model can copy the pattern instead of guessing it.
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