Loan repayment calculator | Daily Mail Online

Loan repayments calculator

Banks usually have a calculator on their websites to work out your repayments but it will have its own interest rates and possibly the duration plugged in.

With bank – and building society – loans you will be offered different rates depending on the amount you want to borrow and how long you intend to take to repay. They cleverly try to encourage you to borrow more over longer periods by offering the best rates for those loans.

Our calculator allows you to input different rates and time frames and will show you not only how much you’ll pay back every month but how much the total interest your bank manager will pocket.




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