Loan calculator
from the Consumer Financial Education Body
You can use this loan calculator to work out what your monthly repayments might be for various loan amounts, repayment periods and interest rates. This could help decide whether you can afford the repayments, and help you compare different loans.
You can use the calculator for loans from mainstream lenders such as banks and building societies, but it may not give accurate results for other types of loan, such as home credit, where the interest rate is typically much higher.
Enter your figures into the top section, then click 'Calculate'. If you want to try different figures you can 'Clear' the form.
