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Did you know?
Paying just $50 extra per month on a $3,000 loan can save ~$200 in interest
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No penalty
Eagle Loan charges $0 for paying off your loan ahead of schedule
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Credit boost
On-time payments can raise your score 30–80 points in 12 months
How to Use the Eagle Loan Calculator
Set your loan amount
Eagle Loan offers $1,000–$10,000. Start with the minimum you actually need — you can always borrow more later once you've built a payment history.
Pick a realistic APR
Eagle Loan doesn't publish rates. Use 24% if your credit is fair-good, 36–60% if it's poor or you've had a bankruptcy. Call your branch to get an actual quote before applying.
Choose the shortest term you can afford
Longer terms = lower monthly payment but significantly more total interest. The amortization table shows exactly what each extra month costs you.
Payment Examples at Common Amounts
| Loan amount | Term | At 24% APR | At 36% APR | At 60% APR |
|---|---|---|---|---|
| $1,000 | 8 months | ~$134/mo ($72 interest) | ~$139/mo ($113 interest) | ~$149/mo ($191 interest) |
| $2,500 | 12 months | ~$232/mo ($284 interest) | ~$248/mo ($473 interest) | ~$278/mo ($831 interest) |
| $5,000 | 18 months | ~$312/mo ($617 interest) | ~$344/mo ($1,196 interest) | ~$414/mo ($2,455 interest) |
| $10,000 | 24 months | ~$511/mo ($2,263 interest) | ~$583/mo ($3,988 interest) | ~$754/mo ($8,100 interest) |
Key takeaway: At 60% APR (realistic for poor credit), a $5,000 loan over 18 months costs nearly $2,500 in interest alone. This is still significantly cheaper than a payday loan but much more expensive than a bank loan. Make sure you can comfortably make the monthly payment before signing.
Affiliate disclosure: EagleLoansApp.com is an independent lender information site, not affiliated with Eagle Loan Company. We may earn a commission if you apply through our links — this never influences our editorial content or ratings.