This calculator is a quick and simple way to understand the real cost of borrowing, without submitting an application that could affect your credit score.
From the information provided, you could borrow £10,000 and pay back 60 monthly instalments of £250.00. If this loan was subject to 10.00% APR with no extra fees, then the total amount repayable would be £15,000.00. The figures in this calculator are for illustrative purposes only.
This calculator has been designed to give you an idea of how much a loan would cost each month and the amount of interest that you would pay overall for the different loan terms. This is just an example and the actual interest rate you would get depends on your own personal circumstances and lender checks, the amount borrowed and the terms of the loan.
Page updated on 21st March 2026, Reviewed by Richard Groom