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

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