Use this UK loan calculator to estimate monthly repayments, total interest and the full cost of a personal loan before you apply. Enter the amount you want to borrow, the repayment term and the interest rate to compare different loan costs in pounds.
| Loan amount | Term | Example APR | What to compare |
|---|---|---|---|
| GBP 5,000 | 3 years | 6.9% | Monthly payment and total interest |
| GBP 10,000 | 5 years | 7.9% | Total cost over the full term |
| GBP 20,000 | 7 years | 8.9% | Whether a longer term lowers monthly cost but increases interest |
A lower monthly payment is not always the cheapest option. A longer loan term can reduce the amount you pay each month, but it usually increases the total interest paid. Always compare the total repayable amount as well as the monthly figure.
Loan repayments are based on the amount borrowed, the interest rate and the term. Actual lender quotes can vary because APR, fees, early repayment rules and credit checks may change the final cost.
You may also find the mortgage calculator, salary calculator, finance calculator and percentage calculator useful when planning a budget.
It depends on the APR and term. A longer term normally lowers the monthly repayment, while a higher APR increases both the monthly payment and the total cost.
A 5 year loan often has a lower monthly repayment, but it can cost more overall because interest is charged for longer.
Yes, it is designed for UK-style personal loan estimates. Use lender quotes for final decisions because rates and fees can vary.