Personal Loan Calculator 2026
Estimate the monthly repayment and total interest on a personal loan from the amount, interest rate and term. Illustrative - enter your own rate.
See also: mortgage repayment calculator.
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Other UK tax calculators that pair with the Personal loan.
Frequently asked questions
How is a personal loan repayment calculated?
A personal loan is repaid in equal monthly instalments over a fixed term. Each instalment covers the interest for the month plus a slice of the capital, so the balance clears at the end. The monthly figure depends on the amount borrowed, the interest rate and the term.
Is this a loan offer or a real rate?
Neither - it is a calculator, not a lender. You enter the rate yourself and the result is illustrative. It divides the annual rate by 12 and ignores fees, while a lender's APR includes charges and is worked out on its own basis, so a real quote can differ. Offers also depend on your credit profile.
Does a longer loan term cost more?
Usually yes overall. A longer term lowers each monthly payment but you pay interest for longer, so the total interest is higher. A shorter term costs more per month but less in total.