Put two loan offers head to head and see which costs less — monthly payment, APR and total repayable — from the amount, term, rate and fees.
Enter details
Offer A
Offer B
Enter the details of each offer. The comparison updates instantly.
| Offer A | Offer B | |
|---|---|---|
| Monthly payment | 198 | 202 |
| APR | 7.12% | 10.57% |
| Total repayable | 11,852 | 12,637 |
Compare on APR — APRC for mortgages — not the headline rate. Fixed-rate estimate; real APR and costs depend on the lender and fees.
Cheapest A · Saving 785 £Compare two loans the right way — on total cost, not the headline rate. Enter each offer's amount, term, rate and fees to see which is cheaper on APR and total repayable. Instant, in your browser, no account.
⚖︎ Results are for informational purposes and do not constitute tax advice. For specific situations, consult a licensed accountant or the relevant tax authority.
For each offer the monthly payment is worked out with the annuity formula, then the total repayable and APR; the offer with the lowest total cost wins:
A loan with a lower rate but a hefty arrangement fee can end up dearer than one with a slightly higher rate and no fees. The difference shows in the APR and total repayable, not the advertised rate.
On the APR (Annual Percentage Rate) and total repayable, not the headline rate. The APR bundles interest and compulsory fees into one figure, so it reflects the true cost. UK lenders must quote a representative APR.
Because a large arrangement or product fee adds to the cost. A low rate plus a big fee can lose to a slightly higher rate with no fee. That is why you compare on APR — or APRC for mortgages.
The Annual Percentage Rate expresses the full yearly cost of a loan — interest plus compulsory charges — as a single percentage. It is the standard way to compare offers.
Yes, decisively. Arrangement fees and other compulsory charges raise both the APR and the total repayable. Enter them for each offer to compare fairly.
Yes. A longer term lowers the monthly payment but raises total interest and total repayable. Compare offers over the same amount and term for a fair result.