Loan repayment calculator

If you have – or are thinking about – taking out a loan, this calculator allows you to work out how much interest you will pay over a given period of time and what your monthly repayments will be.

     
 
Enter loan information below:

Loan amount £

APR

%

Loan period in years

  

  
Results:  

Number of monthly repayments

Monthly payments £

Total cost of loan  £

   

Interest:

 
     

The calculation

If you wish to make these calculations yourself, these are the formulas you should use:

Total payment = ((APR/loan) x 100) + compound interest

Monthly payments = Total payments/months

Interest = Total payment - Loan amount