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Loan Repayment Calculator

Loan Repayment Calculator

Calculate your monthly loan repayment, total interest and overall cost.

Monthly Payment£188.71
Total Interest£1322.74
Total Paid£11322.74

Frequently Asked Questions

How is my monthly payment calculated?

Payments are based on loan amount, interest rate and duration using the amortisation formula.

Does paying more each month reduce interest?

Yes, overpayments reduce your balance faster and lower total interest.