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Our free loan calculator helps you discover the total cost of your loans quickly and easily. Simply adjust the calculator to meet your requirements.

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Loans Repayment Calculator

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Why use a loan repayment calculator?

Before taking out a loan it is vital to know the monthly repayments you could face, as this will determine the amount of money you can borrow. As well as this, ensuring that you can comfortably make the repayments on your loan will help to reduce the chances of getting into financial difficulty if your situation changes or an unexpected expense comes up. Lenders will also want to make sure that you can afford to make the loan repayments each month, and it is one of the factors they will look at when considering your loan application.

How to use the loan repayment calculator

Our loan repayment calculator is an easy-to-use tool that will let you know exactly what your potential loan’s monthly repayments could be. To use the calculator simply add the amount you plan to borrow in the first box and then the APR of that loan in the next box. In the bottom box, add the length of time you wish to take out the loan for, and then click the ‘calculate’ button. Once you’ve done this your results will be automatically calculated for you, allowing you to see your potential monthly repayments and the total amount you will have to repay.

Note

This calculator is intended to give an indication only.

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