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Loan Calculators

Available on almost every lender’s website is a loan calculator which can help give you the information you need when shopping around for a loan. These are designed to either give you an idea of how much you might be able to borrow, or give you an estimate of how much your monthly repayments will turn out to be.

The results are based on information such as your annual income. Some calculators may allow you to enter information in more detail to give you a more complete assessment of the potential amount you may be able to borrow.

Calculators that estimate the amount of your monthly payments usually require you provide the amount of your loan, along with the interest rate and the term of the loan. If the calculator has an option for adding payment protection, this will affect the repayment figure.

As rates and conditions depend on the specific provider, it is a good idea to consult a personal loan specialist from the lender you are finally interested in to get an accurate quote.

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