Calculate loan repayments
Enter the amount borrowed, annual interest rate and repayment term to estimate fixed monthly instalments.
Worked example and use cases
For a £10,000 loan over five years at a nominal annual rate of 6%, the estimated monthly payment is approximately £193.33, assuming interest is calculated monthly and repayments are equal.
Important limitations
Real lending costs may include fees, variable rates, payment timing differences and other charges. An advertised APR is not always equivalent to the nominal rate used in a basic monthly amortisation calculation.