Free financial calculator
Loan Repayment & Overpayment Calculator
Calculate monthly loan payments and the effect of paying extra.
Use the calculator ↓Adjust the assumptions
Loan Repayment & Overpayment Calculator
Calculate monthly loan payments and the effect of paying extra.
Result
£0
View year-by-year breakdown ＋
| Year | Contributions | Growth | Balance |
|---|
Questions answered
What this calculator helps you work out
- What is the estimated monthly loan payment?
- How much interest could an overpayment save?
- How many months sooner could the loan finish?
Common questions
Loan Repayment & Overpayment Calculator FAQs
What does APR mean?＋
Annual Percentage Rate is a standardised measure of borrowing cost, though this simplified calculation treats the entered rate as the interest rate.
Can I repay every loan early?＋
Terms vary and charges may apply, so check the agreement.
Why can the lender’s figure differ?＋
Fees, daily interest, payment dates and lender rounding can change the exact result.
Go beyond the result
How to Pay Off a Personal Loan Early
See a worked example, the trade-offs to consider and the assumptions that can change the answer.