Loan · Step 1 of 3
UK Loan Repayment Calculator
Calculate how much your loan could cost — estimated interest, total repayments and how long it could take to clear. See how changing your monthly payment affects the outcome.
How much did you borrow?
Don’t know the exact figure? An estimate is fine.
How much will your loan really cost?
Your monthly repayment is only part of the story. Interest can mean you pay back much more than you borrowed. Use our free loan repayment calculator to see how long repayment could take, how much interest you might pay and what paying extra could change.
For example: £10,000 at 10.5% APR
Estimated figures using this calculator’s method — your own numbers will be different.
Paying £250 a month
- Estimated time to clear
- 4 years 2 months
- Estimated total interest
- £2,362.12
- Estimated total repaid
- £12,362.12
Paying £300 a month
- Estimated time to clear
- 3 years 4 months
- Estimated total interest
- £1,875.07
- Estimated total repaid
- £11,875.07
Paying £300 instead of £250 a month could cut the interest by an estimated £487.05 and clear the loan about 10 months sooner.
Calculation assumptions
Your results are estimates. We estimate interest monthly using your APR divided by 12, applied to your balance each month — a simplified monthly rate, so your lender’s actual calculations may differ. We assume your APR and monthly repayment stay the same, with no new borrowing or fees.