Loan Calculator

Use this loan calculator to estimate your loan repayments before you get a full quotation.

Loan Calculator

How much would you like to borrow?

How long for? (months)

Monthly repayments £144.32
Total to repay £3,463.68
Representative 14.2 APR

This tool is for guidance ONLY. It is designed to help you estimate loan repayments. It uses the representative APR of the product. Lenders have a duty to conduct affordability checks when you apply for a loan.

Representative example: Borrow £9,000 over 48 months. Repay £246.84 per month. Total charge for credit will be £2,848.42. Total amount repayable is £11,848.42. Representative APR 14.2% (vrbl)

Loan Repayment Calculator

Our loan calculator allows you to estimate the monthly payments you would need to make to clear your loan and accrued interest within a given period. Please be aware that the repayment estimates are based upon the representative APR of each of three types of loan:

It’s important that you always get a proper quote before proceeding with any loan or credit. Loan terms depend on not only your personal circumstances but also the specific lenders who are willing to lend. However, at this stage in your search, this calculator will help you compare types of loans as well as the impact of loan size and loan term.

Use Calculator to:

  • Estimate monthly repayments
  • Explore how total interest costs change
  • Make sure repayments are affordable within your budget
  • See how loan type can affect repayments


How to use this Loan Calculator

Personal Loans | Secured Loans | Guarantor Loans

The default loan type is set to “Personal” loans. To change the loan type simply click on the relevant button next to either the “Guarantor” or “Secured” loan option.

For each loan type the rate of interest is fixed at the representative APR% – the rate you actually get will depend on numerous factors. Our representative APRs tend to reflect the fact we have a higher proportion than the average of people who have bad credit ratings.

Once you’ve chosen your loan type:

  • Choose your preferred loan amount
  • Choose your preferred repayment period

The calculator then tells you:

  • your monthly repayments (to repay the loan plus the interest) for the period you’ve chosen
  • the total amount repayable (deduct from this the loan amount to get the total interest paid)

What can the Repayment Calculator tell you?

Examples of questions that you could use this loan calculator to answer:

  • For my £5000 loan what is the total amount I repay if I borrow for 2 years or 5 years?
  • Can I afford to repay a £10,000 loan if I borrow for 3 years and my other household costs remain the same?
  • I need £15,000 and I’m a homeowner – which type of loan is going to keep the interest costs to a minimum if I borrow for 5 years?
  • What’s the most I could borrow over 5 years if my maximum monthly repayment is £300?
  • What are my monthly repayments if I use a guarantor loan to borrow £10,000 over 3 years?

So, by using our loans calculator and varying the input values you can decide on the loan value and repayment period that ensure you stay within your budget.

Make sure you understand the differences between types of loans – check out our guides and videos!


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For over a decade Solution Loans has helped people all over the UK find solutions to their personal finance problems.



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Written/Reviewed by: Amanda Gillam

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