Loan Repayment Calculator

Our online repayment calculator let's you estimate what your monthly repayments will be for a loan or a mortgage based on the loan or mortgage amount, length of time and the interest applicable. Our calculator will then automatically work out what your monthly loan repayments will be and show you how the loan capital reduces over the life time of the mortgage.

You can use this calculator for:

  • Loan repayments
  • Student loan repayment
  • Mortgage repayments
  • Buy to let repayment mortgage

Use our free online loan repayment calculator

Mortgage Debt / Loan Amount
Repaid over how many years?
Interest only or Repayment (interest and capital)
Annual Interest Rate

Monthly Payment

How does the loan repayment calculator work?

Working out mortgage repayments, or any loan, requires three key pieces of information:
    Loan amount. The loan amount isn't just the amount you borrowed as it may also include the set-up costs and admin fees such as bank transfers.
    Length of time. The monthly loan repayments are higher the shorter the time the borrower has to repay the loan in full. A personal loan is normally repaid in 1 to 10 years, depending on what the loan is secured over and the terms with the lender. Mortgage repayments are over a longer term; 15 years up to 40 years - subject to terms and age restrictions.
    Annual Interest Rate. The higher the interest rate, the higher the monthly mortgage repayments to settle the loan. Mortgage lender interest rates are linked to the Bank of England base rate, however private loans from friends and family could be anything.

    With the above said, if the interest rate goes above a certain level, then the loan agreement falls under the Consumer Credit Act and will require more detail drafting within the loan agreement. The borrower will also require independent legal advice on the terms of the loan.

Is this an Early Loan Repayment Calculator?

Our online loan repayment calculator does not take into consideration any early repayment charges that are levied by the lender. You should review the terms of your loan to confirm the terms of the early repayment of your mortgage.

Our Free online Loan Repayment Calculator is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication for the repayment of a loan. It's important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errors (please report faults above).

Your home may be repossessed if you do not keep up repayments on your mortgage.