Loan repayment calculator UK
Calculate monthly loan repayments, total interest and the total amount repaid. Enter your loan amount, nominal annual interest rate and repayment term.
Enter your figures
Estimated monthly repayment
Inputs changed. Select Calculate result to update your estimate.
Uses a nominal annual interest rate divided by 12, not a quoted APR. Assumes equal monthly payments, a fixed rate and no fees.
How the loan repayment calculator uk works
The same amortisation formula as the mortgage tool, with the loan term converted to months.
Data basis: mathematical formula using your inputs. Example prices and rates are illustrative, not current market quotes.
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Worked example: loan repayment
This illustration uses the calculator’s example inputs. It is not a quote or a recommended financial decision.
- Loan amount (£)
- 10,000
- Annual interest rate (%)
- 7
- Term (years)
- 3
Estimated monthly repayment: £308.77
The same amortisation formula as the mortgage tool, with the loan term converted to months.
Loan repayment: questions answered
Should I enter the loan APR or interest rate?
Enter the nominal annual interest rate. This tool divides it by 12 for monthly interest and excludes fees, so it does not reproduce every lender’s advertised APR calculation.
Using your result
Example inputs are a starting point. Replace them with your figures and select Calculate result. Results are rounded for display; calculations use unrounded values.
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