Home
Loans

Loan Calculator

Estimate the monthly payment, total interest and total cost of a personal loan. Enter the amount you want to borrow, the interest rate (APR) and the term in years.

£
%
Monthly payment
£300.57
Total interest
£3,034.15
Total repaid
£18,034.15
Share:
Ad slot — add a slot ID to enable

How this loan calculator works

We use the standard amortisation formula to compute a fixed monthly payment that fully pays off the loan over the chosen term.

The interest rate you enter is treated as a nominal annual rate (APR). We divide it by 12 to get the monthly rate.

Total interest is the sum of all monthly payments minus the original loan amount.

M = P · r / (1 − (1 + r)^−n), where r is the monthly rate and n the number of months.

Frequently asked questions

Ad slot — add a slot ID to enable

Related calculators