Loan calculator

Find out how much your monthly loan repayments could be with our handy calculator

Amy Smith
Amy Smith
Updated 16 May 2022  | 2 min read

Calculate your loan repayments

A loan repayment is how much you’d pay back to your lender each month, including interest. Find out how much your loan repayments will be to see if the amount you’d like to borrow is affordable for you.[1]

£15,000
3 years
8.6%
Monthly repayments £411 *
Total interest paid £1,795**
Total repayments £14,796***
[1] Note: GoCompare accepts no responsibility if the results of any calculator are incorrect. The results provided are for guidance only and should not be considered a legitimate quote.
*To calculate the monthly repayments: Loan amount minus the deposit and total interest, divided by the loan term in months.
**To calculate the interest paid: Loan amount multiplied by the interest rate, multiplied by the loan term in years.
***To calculate the total repayment: Monthly repayment multiplied by the loan term in months.


How to use the loan calculator

You just need to tell us how much you’d like to borrow, for how long and what you plan to use the loan for, such as home improvements or car finance. We then just need a few details about you – like your name, date of birth and contact details before we can show you the loan options you’re eligible for.

Our calculator will then do the maths to figure out how much you could expect to pay per month until the loan is repaid in full.

Compare loan rates with us

 You can compare loans with us to find out which ones you’re eligible for without affecting your credit score.

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By Amy Smith

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[1]Note: GoCompare accepts no responsibility if the results of any calculator are incorrect. The results provided are for guidance only and should not be considered a legitimate quote.

*To calculate the monthly repayments: Loan amount minus the deposit and total interest, divided by the loan term in months.

**To calculate the interest paid: Loan amount multiplied by the interest rate, multiplied by the loan term in years.

***To calculate the total repayment: Monthly repayment multiplied by the loan term in months.