Lets Compare ABB Personal Loan to a Finance Loan


On January 22, 2021 an inquiry about a personal loan comparison was completed on the same borrower.  With this customer it was found ABB could save thousands over the loan term. 
This is the results of that comparison. 
TERMS Finance Company Loan Anderson Brothers Bank  ABB Advantage Savings
Loan Amount $Check $7,500.00 $7,500.00 Same
Term 60 Months 60 Months Same 
Rate/APR 35.99%/35.98% 8.5%/9.5%*
Monthly Payment $325.57 $171.86 $153.71
Finance Charge $10,612.35 $2,147.95 $8,464.40
Amount Financed $9,011.94 $8,344.95 $666.99
Total Payments $19,624.29 $10,293.90 $9,330.39
Total Insurance ADDED $1,511.94 $645.95 $865.99
Monthly Payment WithOUT Insurance $270.94 $157.98 $112.96

Who wouldn't like to save $153.00 a month and a combined savings of over $9,000.00?

* Rate as of 1/22/2021, customer in comparison had a 760 credit score.