Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Late repayments can cause you serious money problems. See our debt help guides.
Your estimated monthly payment depends on a few key factors, including the amount you want to borrow, the interest rate and the duration of the loan. You can enter these into the calculator below to calculate the monthly repayments and the total cost.
Calculate how much you could expect to pay each month
Your loan |
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Loan amount |
Loan term (in years) |
Interest rate (p.a.) |
or
You can expect to pay around
£
per month
with a total payable of
£
(that’s £ in interest).
For the purposes of this calculator, we’ve made a few assumptions – such as a fixed rate of interest. We’ve also assumed that there are no set-up fees associated with the product, which tends to hold true in the majority of cases (you’ll want to double-this is the case for the loan that you’re considering). We’ve also assumed that the monthly repayments will be equal (give or take a few pence) – it’s not unheard of for lenders to structure loans with decreasing repayment amounts, or with repayment holidays (where the borrower makes no repayments for, say, the first two months of the loan, for example).
Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Late repayments can cause you serious money problems. See our debt help guides.
Before applying for a personal loan, it’s important to know how much you’ll be expected to pay each month – keeping the total cost down and the monthly repayments affordable will normally be what dictates the length of your loan.
Ultimately you need to be sure that your monthly repayments are affordable, taking into account your income and expenditure. If you’ve done your homework and you’re confident that a particular sum each month would be comfortably manageable, then there’s a fair chance that a lender assessing your application would come to the same conclusion.
Got a specific brand in mind? Use the links below to see how much your loan could cost with that particular lender.
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