Loan Repayment Calculator
Use this loan repayment calculator to work out the approximate monthly repayments you will need to make on a personal loan or mortgage. You will find that the loan repayment total will rarely match the figure provided by a bank as they may apply an administration fee for example, that is included or excluded from the APR they are quoting; first payment is sometimes larger than subsequent payments; the interest rate actually offered can be different to advertised rates depending on your circumstances; discounts may also apply.
Loan APR Calculator
The APR (annual percentage rate) reports the true interest rate of the loan once additional charges such as arrangement fees have been added to the loan.
NOTE: This simple APR calculator ignores the effect of interest compounding.