# Secured loan calculator

## Looking for a secured loan calculator? Use our loans calculator to work out the total cost of the loan from our secured loan lenders.

Our secured loan calculator can help consumers work out the total cost of the secured loan when entering the loan amount, the loan lenders APR and the repayment period.

### What information will you need to use the loan calculator?

Loan amount – This is the amount of money you want to borrow.

Interest rate – This the annual interest rate of the secured loan from the loan lender show by the lender as APR.

Term – The term is the period of time you want to repay back the loan. This is shown in months.

Balance – This is the total amount repayable sometimes known as TAR.

Monthly payments – You can view the loan repayment per month. This is the cost of the secured loan in monthly instatements.

### TIP#

Use this loan calculator to work out your personal finances and have a play around with the repayment term and select a term that keeps you in budget.

Make sure that you can afford the monthly repayments before committing yourself to any loan agreement.