UK Loan Calculator

Calculate monthly repayments, total interest and the complete cost of any personal loan.

Monthly Payment
£0.00
over 36 months
Total Interest
£0.00
Total Repayable
£0.00
Interest as % of Loan
0.00%
Enter your loan details to calculate monthly repayments.
Principal vs Interest
Amortization Preview (First 12 Months)
Month Payment Principal Interest Balance

Personal Loan Monthly Payments · UK 2026

Estimated monthly repayments at common loan amounts and terms. Rates vary by lender and credit score · representative APR shown.

Loan Amount 3 Years @ 7% 3 Years @ 10% 5 Years @ 7% 5 Years @ 10% Total Cost @ 7% (5yr)
£3,000£93£97£59£64£3,540
£5,000£154£161£99£106£5,940
£7,500£232£242£148£159£8,880
£10,000£309£323£198£212£11,880
£15,000£463£484£297£319£17,820
£20,000£617£645£396£425£23,760
£25,000£771£806£495£531£29,700

Explore More Tools

💷 Salary 🏠 Mortgage 🏷️ Stamp Duty 💳 Credit Card 🏦 Savings 🔄 Rent vs Buy 🧾 VAT 📊 Net Worth 📈 Inflation 🏡 Affordability ❄️ Debt Snowball

Loan Calculator FAQs

What is the monthly payment on a £10,000 loan?
At 7% APR over 3 years, a £10,000 loan costs approximately £309/month (total repayable £11,124). Over 5 years at 7% the monthly payment drops to around £198 but total interest rises to £1,880. Use the calculator above to compare terms and rates side by side.
What is the best personal loan rate in the UK in 2026?
Competitive personal loan rates in 2026 range from around 5% to 8% APR for amounts between £5,000 and £25,000 with good credit. Loans under £3,000 typically attract higher rates of 15–25% APR. Always compare the total repayable amount, not just the monthly payment or headline rate.
How does loan repayment work in the UK?
UK personal loans use an amortisation schedule · each monthly payment covers the interest accrued on the outstanding balance plus a portion of the principal. Early payments are mostly interest; later payments are mostly principal. The total monthly payment stays fixed throughout the term.
Can I pay off a personal loan early in the UK?
Yes, most UK lenders allow early repayment. You may incur an early repayment charge (ERC), typically capped at 1–2 months' interest under FCA rules. If the interest saving outweighs the ERC, early repayment is usually worthwhile. Check your loan agreement or contact your lender before making overpayments.

For informational purposes only · Not financial advice