See what a loan really costs — the monthly payment, total interest, fees and APR — from the amount, interest rate, term and any upfront fees.
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Enter the amount, rate, term and fees. Everything recalculates instantly.
Estimate at a fixed rate. The real APR and costs depend on the lender and fees.
Total repayable 11,852 £ · Monthly payment 197.54 £The total cost of a loan, at a glance. Enter the amount, rate, term and fees to see the monthly payment, total interest, total repayable and APR. 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.
The monthly payment uses the annuity formula; total cost = payment × months + fees − amount borrowed:
For £10,000 over 60 months at 6.9%: the monthly payment is about £197, and the total interest over the term is roughly £1,850.
It is everything you pay on top of the amount borrowed: the total interest plus any fees. It does not include the principal itself.
Total cost of credit = interest + fees (excludes the principal). Total repayable = principal + interest + fees — the whole amount you hand back.
The representative APR includes compulsory fees as well as interest, so it reflects the real yearly cost and is the right figure for comparing offers.
Choose a shorter term (cuts total interest a lot), look for the lowest APR, avoid unnecessary fees, and overpay where allowed.
Yes. Upfront fees add to the total cost and raise the APR. Enter them in the fees field for an accurate result.