Personal Loan Calculator

In order to use the calculator, simply enter the personal loan amount as well as the interest rate and the term of the personal loan, and our calculator will do the rest.

Our personal loan calculator is a useful tool for calculating your repayments. By inputting the loan amount, interest rate, and term, you can quickly see the amount of each repayment and how much you will need to repay on a monthly basis. If you plan on taking out a personal loan, it's important for your own financial well-being that you:

  • Use our interest calculator to see the different repayment amounts for various terms and interest rates.
  • Take the time to review the terms and considerations of the personal loan before committing to the loan agreement.
  • Consider whether you will be able to allocate a portion of your monthly income to repay your loan.

Our personal loan calculator is meant to provide you with the details of each monthly interest repayment over the periods of 1 year, 3 years, 5 years, and 10 years, as well as giving you the chance to compare them to whichever monthly repayment period you choose.

Personal Loan Repayment Calculator


  Loan Repayment Term
1 Year
12 months
3 Years
36 months
5 Year
60 months
10 Years
120 months

Things to Consider When Taking Out a Personal Loan

  • Affordability: Before you take out the loan, make sure that you will be able to afford it in the long run. You are the only person who truly knows whether or not you'll be able to afford the loan and whether or not you will be able to repay it in the future.
  • Research: Take time to look at different banks, and on top of banks take a look at building societies. Both of these run a variety of deals around the year, and sometimes building societies have the better deals even though it is better to go with a bank for a loan. Keep in mind that you should never simply assume that one loan lender is better than another, do your research.
  • Interest Rates: This is the most important point we can make. Always look at the interest rates and how long the loan repayments will last. Look at different lenders and not only look at their interest rates, but look at how long the loan's lifespan is, otherwise you could end up paying a lot more money than you think and the deal you thought you had could be non-existent.
  • Borrow Little, Repay Quickly: When you take out a loan, take out exactly what you need and not a penny more. As soon as you are able to repay the loan, do so. This will stop the interest from building up and up, as well as taking a weight off your shoulders.
  • Pay Day Loans: Never take out a pay day loan. No matter what your situation is, never take one out. Pay day loans are dangerous and the lenders have no morals. Pay day lenders have no concern for you or your wellbeing, all they care about is taking as much of your money as they can. Stay away from them at all costs.
  • Don't Take Out a Loan at All While it is becoming more and more difficult for people to not take out loans, try your best to find another way. When it comes to personal loans, stop yourself from taking one out. While it might seem like a great idea at the time, you'd feel a lot more satisfied if you earned the money yourself and bought whatever you have decided to treat yourself to.

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