Free loan repayment calculator
Estimate loan payments, total interest, and payoff time.
Compare a standard repayment schedule with optional extra monthly payments to see how much time and interest could be saved.
Amortized repayment
Estimates assume fixed monthly payments and a steady interest rate for the full term.
Standard monthly payment
£301
Extra payments could save £892in interest.
Inputs
Loan details
Estimate
Results
Standard monthly payment
£301
Total interest
£3,034
Total repaid
£18,034
Interest saved
£892
New payoff time
3y 7m
Assumes the interest rate stays the same and extra payments reduce the principal immediately.
Projection
Loan balance over time
Important disclaimer
This calculator provides estimates only and does not constitute financial advice. Actual loan costs may vary due to lender terms, fees, repayment timing, interest rate changes, and early repayment rules.