Loan Calculator

To calculate the cost of the loan you require simply enter the details below and click on calculate
Loan Amount (£)
Yearly Interest Rate (%)
Repayment Period (Years)
Total Monthly Mortgage Repayment (£)

Alternatively you can to use the following table. Using the example below a £50,000 loan at an interest rate of 8% over a term of 10 years will cost £12.13 per month for every £1,000 borrowed. Therefore a £50,000 loan is calculated by multiplying 50 by £12.13. This equates to a monthly mortgage cost of £606.5 per month.

Finance Rate Table
Monthly repayments per £1000 borrowed (Repayment Loan)

Years
Months
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.0%
9.5%
10.0%
10.5%
11.0%
5
60
19.33
19.57
19.80
20.04
20.28
20.52
20.76
21.00
21.25
21.49
21.74
8
96
13.14
13.39
13.63
13.88
14.14
14.39
14.65
14.91
15.17
15.44
15.71
10
120
11.10
11.35
11.61
11.87
12.13
12.40
12.67
12.94
13.22
13.49
13.78
12
144
9.76
10.02
10.28
10.55
10.82
11.10
11.38
11.66
11.95
12.24
12.54
15
180
8.44
8.71
8.99
9.27
9.56
9.85
10.14
10.44
10.75
11.05
11.37
20
240
7.16
7.46
7.75
8.06
8.36
8.68
9.00
9.32
9.65
9.98
10.32