Strawbarter · free UK practical tools
Loan & Mortgage Calculator
Explore how the amount borrowed, annual interest rate and term could shape your monthly payments and total interest. Use it without signing in; your figures stay in this page.
Choose what to estimate
Example amount: £10,000.
Example rate: 8%. This is not a current lender rate and excludes fees.
Example term: 60 months.
Your estimate
Personal loan repayments
- Estimated monthly repayment
- £202.76
- Estimated total interest
- £2,165.84
- Total repaid over the term
- £12,165.84
- Amount borrowed
- £10,000.00
This estimate spreads the borrowed amount and interest across 60 monthly payments.
Figures are rounded to the nearest penny for display.
How to read this estimate
The example rates are editable illustrations, not current market or lender rates. The annual interest rate excludes fees, so it is not APR. This estimate assumes a constant rate and regular monthly payments. It does not include fees, insurance, overpayments, or lender-specific daily-interest and payment-date rules, so actual lender figures can differ. This is not an offer, quote, eligibility decision or personal financial advice.
MoneyHelper explains interest rates and APR and the difference between repayment and interest-only mortgages.