The best way to do compare loan offers from different lenders is by looking at the annual percentage rate (APR) for each. APR is the best way to quickly compare the total annual cost to borrow money from different lenders because APR includes all finance charges: interest rate and fees.
A no-fee or low-interest rate loan may look appealing at first sight. However, it’s important you carefully consider the total cost of borrowing money (which means all finance charges, not just interest rate alone) before settling on a loan offer.