SSalsbury.uk

Loan calculator

Your monthly payment, and how much of each payment pays off the loan and how much is interest. Works for personal loans, car finance and repayment mortgages.

Your loan

Use the rate from your loan offer. An APR includes fees too, so it is a little higher than the interest rate alone.

Type
Overpay or set a start date

Many lenders let you overpay up to 10% a year without a fee. Check yours first.

Where your money goes

Paying off the loanInterest

Year by year

How each year's payments split between paying off the loan and interest. Early on most of it is interest; that flips as the loan shrinks.

Paying off the loanInterest

Payment schedule

Tap a year to see each month.

💡

An estimate for planning. Interest is worked out monthly at the yearly rate ÷ 12, the way most UK loans and mortgages work, with payments at the end of each month. Your lender's figures can differ slightly (rounding, fees, or interest calculated daily).