Loan Calculator
Calculate your loan repayments and total interest
Last updated: February 2026
Loan Details
£
%
years
Repayment Amount
£391.32
per month
Total Interest
£3,479.38
Over 5 years
Loan Breakdown
Principal
£20,000.00
Interest
£3,479.38
Repayment Details
Number of Payments60
Total Amount Repaid£23,479.38
Interest Rate Per Payment0.5417%
Cost of Borrowing£3,479.38
Understanding Loan Repayments
Each repayment covers both principal and interest. Early payments are mostly interest, while later payments are mostly principal. Making overpayments can significantly reduce total interest paid over the life of the loan. Always check your lender's terms for early repayment charges.