UK · Free calculator

Loan repayment calculator

Q: Is APR the same as the interest rate used here?

Lenders quote APR including certain fees. This tool applies the rate you enter as a simple annual interest rate on an amortising loan.

Work out monthly payments, total interest and cost of a personal loan.

Your figures

Rates updated 2026-04-06. Results update as you type.

Monthly payment: £308.31
Total repaid: £11,099.16
Total interest: £1,099.16

Loan cost

Borrowed £10,000.00
Interest £1,099.16

How this calculator works

Monthly payment is calculated with standard amortisation.

£10,000 over 3 years

£10,000 personal loan at 6.9% APR over 3 years.

Assumptions & sources

Fixed rate amortising loan.
No arrangement fees or early repayment charges.

Standard amortising loan formula

Frequently asked questions

Is APR the same as the interest rate used here?

Estimates only

Handy Money Tools provides illustrative figures, not personalised financial or tax advice. Verify important decisions with official sources or a qualified adviser.

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