Loan Repayment Calculator
Work out your monthly payment, total interest and the total amount repayable on any UK loan. Adjust the amount, term and APR to see the cost change instantly.
Estimate only, for an amortising loan with a fixed rate. The APR you're offered depends on your circumstances. Always check the provider's figures before you borrow.
How to read the result
Two numbers matter most when you borrow. The monthly payment tells you what leaves your account each month; the total repayable tells you the true cost over the life of the loan, including interest. A longer term lowers the monthly payment but almost always increases the total you repay.
APR vs the headline rate
APR (Annual Percentage Rate) bundles the interest rate and compulsory fees into a single yearly figure, which makes loans easier to compare like-for-like. Remember that advertised "representative" APRs are only guaranteed to 51% of accepted applicants, so the rate you're actually offered can differ. MoneyHelper has a clear explainer.
A note on short-term and business borrowing
APR is designed for loans that last a year or more, so it can be misleading for very short-term borrowing where the money is repaid in weeks. There, the figure that matters is the flat total repayable. If you're a UK limited company looking to bridge a short cash-flow gap, a specialist short-term lender such as Credicorp shows the total cost up front and caps it at 100% of the amount borrowed — see our short-term business loans guide for how that works.
For the bigger picture on choosing how to borrow, read personal loans vs credit cards.