Loan Calculator

Use this loan calculator to work out what your monthly repayments might be for various loan amounts, repayment periods and annual interest rates. This could help decide whether you can afford the repayments, and help you compare different loans. Enter your figures into the top section, then click 'Calculate'. If you want to try different figures you can 'Clear' the form. Please note that this calculator is just a guide. The rates you are offered by lenders will depend upon your individual circumstance.

Loan amount	£ Enter the amount you would like to borrow. Don’t be tempted to borrow more than you need, as you will end up paying much more interest in the long run.
Repayment period	Choose a monthly amount that you can meet comfortably. Spreading the payments over a longer period generally means a lower monthly outgoing amount but the longer the repayment period the more you will pay overall.
APR	% APR stands for Annual Percentage Rate. You should be advised of the APR when you make an application to borrow money. It's the percentage rate which your loan will cost you each year including all charges e.g. annual fees. Where the APR is 'fixed', it means the rate will stay the same throughout the repayment period. Where it says the rate is 'typical', it means that the lender has to offer the quoted rate to at least two thirds of its customers.

Results
Monthly Payments	£
Total Repayable	£