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.
Editor’s Credit card deals Of the week
Representative example: If you spend £200 at a purchase interest rate of 18.9% p.a. (variable) your representative rate will be 18.9% APR (variable). Credit limits and terms may vary based on your individual circumstances. Balance transfer offers and introductory fees limited to transfer made with 60/90 days of account opening. See product specific T&Cs. * must spend £1k within 3 months