Loan Calculator

Monthly payment and total interest for any loan.

Result

Monthly payment£312.90
Total repaid£11,264.49
Total interest£1,264.49

Loan Calculator — FAQs

How is EMI calculated?

EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where r is the monthly rate. £10,000 at 7.9% over 36 months ≈ £312/month.

Does APR include fees?

Yes — APR wraps interest plus compulsory fees into one comparable annual figure.

What is a representative APR?

The rate at least 51% of accepted applicants get — your offered rate may be higher depending on credit score.

How do I pay a loan off early?

Request a settlement figure. Lenders can charge up to ~58 days' interest — still usually saves money vs running to term.

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Free to use — paste this snippet into any webpage. It auto-resizes and includes a small attribution link. Add ?theme=dark to the iframe URL for dark mode.