Loan Repayment Calculator
Working out how much your monthly repayments will be for a given loan amount, APR and term.
For: Anyone comparing personal loans or working out what they can afford to borrow.
- Assumes a fixed interest rate throughout the loan term
- Does not include fees, arrangement costs or payment protection insurance
- Results are estimates — your actual rate depends on your credit profile
- This is a calculator, not a loan offer. Your actual rate will be determined by a lender after a credit check.
When to use it
Use this calculator to compare different loan amounts, interest rates and repayment terms before you apply. A lower monthly payment can sometimes mean paying more overall if the term is longer — the total repayable figure is often more useful than the monthly amount.
What it cannot tell you
This calculator does not tell you whether you will be accepted, what rate a lender will actually offer you, or whether borrowing is right for your situation. Your actual rate depends on your credit profile and the lender’s own criteria.
If you are unsure whether you can afford repayments, use the affordability checklist first.
Free debt help
If you are already struggling with debts or repayments, a new loan may not help. Consider speaking to a free debt charity before borrowing more:
- StepChange · 0800 138 1111
- National Debtline · 0808 808 4000
- MoneyHelper · 0800 011 3797