Loan calculator

MoneySuperMarket's loan calculator is designed to give you an idea how much a personal loan is going to cost.

Your monthly repayment will be

The total amount repayable will be , therefore the loan will cost you

You could afford to borrow up to

The total amount repayable will be , therefore the loan will cost you

Oops! That doesn't look quite right - can you check and enter again?

Calculate and compare loans: Find out how

Representative example: 5.5% APR Representative based on a loan of £10,000 repayable over 60 months at an interest rate of 5.5% pa (fixed). Monthly repayment of £190.39. Total amount payable £11,423.40.

MoneySuperMarket is a credit broker – this means we’ll show you products offered by lenders. You must be 18 or over and a UK resident.

How to use the loan calculator

Whether you’re looking at home improvements, buying a new car or consolidating your debts, our loan calculator can give you an idea of how much a personal loan is going to cost. It’s simple to use.

If you know how much you want to borrow:

  1. Select ‘Calculate monthly repayments’
  2. Enter the amount, how long you want to pay it back, and at what interest rate
  3. Hit ‘Calculate’

To see how much you can borrow based on what you can afford in monthly loan repayments:

  1. Select ‘What can I afford?’
  2. Enter the monthly repayment you can afford to make, the length of time you can afford to pay that amount, and at what interest rate
  3. Hit ‘Calculate’

By selecting different annual interest rates (APRs), you can see how your monthly loan repayments and total loan cost will change.

Remember, the calculator shows you an example rather than the exact cost of an available deal.

How are loan payments calculated?

Monthly loan repayments can be calculated by dividing the total loan and interest by the number of months it will take to pay off.

Our loan calculator shows you how much a loan will cost you each month, and how much interest you’ll pay overall.

How do I compare loans?

Our loans search tool uses information about your income and requirements to find personal loan quotes from our leading panel of lenders.

If you’re a homeowner, it can also show you secured loan deals. These can be a good option if you want to borrow a large amount or are finding it difficult to get an unsecured loan.  

To find out more about how to apply for a loan read our step-by-step guide.

Remember: the loan rates you see will only include loans you’re likely to be offered and will be based on a “soft” or simple check that does not show on your credit report.

The loan amount, rate and duration you are offered by a provider may differ because they are based on a more detailed investigation of your credit history and financial situation.

Secured loans: Your home may be repossessed if you do not keep up repayments on a mortgage, loan or any other debt secured on it.

We compare loans that can be paid back over terms of between one and 25 years. The APR interest rate you’ll be charged depends on your personal circumstances, and will usually be between 2.8% and 99.9%.

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