UK Loan Calculator

Calculate monthly repayments, interest costs and total loan amount. Fast, accurate, and completely free to use.

UK Loan Calculator

Estimate your monthly repayments and total interest based on loan amount, rate, and duration.

Additional Options

Estimates only — for illustration purposes, not financial advice.

Ready
Monthly Payment £0.00
Total Interest £0.00
Total Repayment £0.00
Details Amount (£)
Loan Amount 0.00
Interest Rate 0.00%
Loan Term 0 years
Number of Payments 0
Monthly Payment £0.00

 

How This UK Loan Calculator Works

This UK Loan Calculator uses the standard loan repayment formula to work out your fixed monthly payment based on the loan amount, interest rate and loan term. Each payment is split into interest and capital (the amount you repay from the original loan).

If you want to compare other financial tools, try our Mortgage Calculator, Income Tax Calculator or National Insurance Calculator.

  • Loan Amount: How much you want to borrow.
  • Interest Rate: The annual interest rate charged by the lender.
  • Loan Term: How long you will repay the loan (in years or months).
  • Monthly Payment: The fixed amount you pay every month.
  • Total Interest: The total cost of borrowing over the whole term.

This tool is ideal for personal loans, car finance, debt consolidation and other fixed-rate borrowing. For official borrowing guidance, visit gov.uk.

Loan Examples

Here are some typical examples of UK loans. Exact figures will depend on your interest rate and term. To explore mortgages or tax-related impacts, see our Mortgage Calculator or Small Business Tax Calculator.

£5,000 over 3 years

Example interest rate: 8% p.a.

  • Approx monthly payment: £157
  • Total paid: £5,652
  • Total interest: £652
£10,000 over 5 years

Example interest rate: 7% p.a.

  • Approx monthly payment: £198
  • Total paid: £11,880
  • Total interest: £1,880
£20,000 over 7 years

Example interest rate: 6.5% p.a.

  • Approx monthly payment: £298
  • Total paid: £25,032
  • Total interest: £5,032

Frequently Asked Questions

This calculator is designed for UK-style fixed-rate loans with monthly repayments. For mortgage-specific rules, check our Mortgage Calculator.

The maths is similar, but mortgages often have extra fees, variable rates and special rules. This tool is best for personal loans, car loans and other simple fixed-rate borrowing. For mortgages, use the UK Mortgage Calculator.

No. This is a simple illustration tool. It does not run any credit checks and does not share your data with lenders. For credit guidance, see the official UK resource at gov.uk.

This UK Loan Calculator helps you estimate monthly repayments, total interest and overall borrowing costs. Use it to compare different loan amounts, interest rates and terms before applying with a lender. You can also explore tax-related tools such as the Income Tax Calculator or Small Business Tax Calculator.