Unsecured loan calculator

By using our unsecured loan calculator you can work out the cost of your unsecured loan. All you have to do is enter the amount of money you want to borrow, the APR and the repayment term.

By using our unsecured loan calculator you can work out the cost of your unsecured loan. All you have to do is enter the amount of money you want to borrow, the APR and the repayment term.

What information will I require to use the loan calculator?

Loan amount – This is the amount of money that you would like to borrow.

Interest rate – The annual interest rate is the APR and you must get this from the loan lender, shown as the typical APR.

Repayment term – This is the repayment term and the period of time that you want to repay back the loan. Values are show in months.

Balance – This is the total amount repayable for borrowing the money known as TAR.

Monthly repayments – You can view the loan repayment schedule in months. This is the cost of the unsecured loan as a monthly instatement.

TIP#

Consumers should use the loan calculator to work out their repayments and see if they are still within budget.

Playing around with the month repayment term will allow you to see what the cost is for paying off your loan earlier or later.

Always make sure that you can afford the repayments of the loan before taking out an unsecured loan. You don’t want to end up in financial difficulties if you cannot make the monthly repayments.