ConsumerAffairs researcher Jon Bortin breaks down the steps to calculate loan interest. Need help choosing a personal loan lender? Check out our guide: https://www.consumeraffairs.com/finance/personal-loans/ Subscribe to our channel and also follow us here: Facebook: https://www.facebook.com/ConsumerAffairs Instagram: https://www.instagram.com/consumeraffairs Twitter: https://twitter.com/ConsumerAffairs https://www.consumeraffairs.com #personalloan #financialeducation #consumeraffairs #loaninterest