Loan repayment calculator
Compare two fixed-rate repayment plans for the same loan amount. See the monthly cost and the interest over the full term.
Compare repayment plans
Lower monthly payments can cost more overall
A longer term spreads the principal across more payments, but keeps interest running for longer. Compare both the monthly payment and total repaid.
Interest rate, not an all-in APR
Enter the fixed annual interest rate before fees. This estimate divides that rate by 12 and assumes equal payments at the end of every month. Arrangement fees, payment holidays and early-repayment charges are excluded. A lender’s quoted APR can include fees, so it may not reproduce the same repayment figure here.