Personal Loan Calculator
Monthly repayments and total interest for a fixed-rate loan.
Your details
Use the APR you have been offered, not the representative APR in adverts.
Monthly repayment
£200.99
60 monthly payments
- Amount borrowed
- £10,000
- Total interest
- £2,059.19
- Total to repay
- £12,059.19
Assumes a fixed rate and equal monthly payments, with any fees included in the APR. Lenders can offer a different rate after checking your credit history. Borrowing for longer lowers the monthly payment but usually costs more in total.
How it is worked out
- 1The APR is turned into a monthly rate, then the standard loan formula works out an equal monthly payment.
- 2Total interest is everything you repay minus the amount borrowed.
Worth knowing
- Lenders can offer a different rate from the advertised one after checking your credit history.
- Some loans charge for early repayment. Check the terms.
Common questions
How much is a £10,000 loan over 5 years?+
At 7.9% APR, about £201 a month, with roughly £2,060 of interest over the five years.
Sources
The rules and figures behind this calculator come from:
Results are estimates for a fixed-rate loan with equal monthly payments. They are not financial advice or a loan offer. Lenders set the rate after checking your circumstances.
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