Personal loan calculator
Work out your monthly repayments and the total cost of a personal loan from the amount, term and APR.
Lenders only have to give the advertised (representative) APR to 51% of accepted applicants: the rate you are offered depends on your credit history.
Compare loans by APR
The APR (annual percentage rate) includes the interest and any compulsory fees, so it is the fairest way to compare loans. The lowest rates usually apply to loans of £7,500 to £25,000 over one to five years.
A longer term lowers the monthly repayment but increases the total interest you pay.
Frequently asked questions
Does checking my rate affect my credit score?
Not if the lender uses a soft search eligibility check. A full application leaves a hard search on your credit file.
Can I repay early?
Yes. You have the right to repay early; the lender can charge up to 58 days’ interest as a fee on regulated loans.