FastCalc
Finance tool

Loan Repayment Calculator

Estimate monthly repayments, total paid and total interest for a loan based on amount, term and interest rate.

Loan result

Monthly repayment£0
Total repaid£0
Total interest£0

How it works

This uses a standard amortisation formula to estimate monthly repayments for a loan with fixed monthly payments.

Example

A £10,000 loan over 3 years at 6.5% interest will usually result in a fixed monthly repayment and a total interest cost over the life of the loan.

Frequently asked questions

How is the monthly loan repayment calculated?

The calculator uses a standard repayment formula based on the loan amount, annual interest rate and repayment term.

Does this include fees or extra charges?

No. This calculator provides an estimate based on loan amount and interest only. Fees and charges may increase the total cost.

Can I use this for personal loans?

Yes. It is suitable for rough estimates on personal loans and other fixed repayment borrowing.

Why does interest increase the total repayment?

Because interest is the cost of borrowing. The longer the term or the higher the rate, the more you may repay overall.