Loan Calculator
Find out what monthly repayments would be, how much you'll pay overall and how much you could borrow.
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Results
Monthly cost£235
Loan amount£10,000
Interest£4,117
Total amount£14,117
Based on the information you supplied, you would be borrowing £10,000 and repaying the loan in 60 monthly instalments of £235. The total sum to repay, subject to 14.5% APR over the full loan term would be £14,117. This assumes there are no extra fees and that your payments are made on time and in full.
Repayment breakdown
Loan amount£10,000
Interest£4,117
Yearly principal vs interest
PrincipalInterest
Amortisation schedule
| Year | Balance | Payment | Interest | Principal | Remaining |
|---|---|---|---|---|---|
| 1 | £10,000.00 | £2,823.39 | £1,354.95 | £1,468.45 | £8,531.55 |
| 2 | £8,531.55 | £2,823.39 | £1,127.29 | £1,696.11 | £6,835.45 |
| 3 | £6,835.45 | £2,823.39 | £864.33 | £1,959.06 | £4,876.39 |
| 4 | £4,876.39 | £2,823.39 | £560.61 | £2,262.79 | £2,613.60 |
| 5 | £2,613.60 | £2,823.39 | £209.80 | £2,613.60 | £0.00 |