Loan repayment
Enter a loan to see the monthly repayment and the total interest.
Hover or tap a bar to see that year.
Show the figures for every year
How this is worked out
- Equal monthly repayments. Interest is charged each month on what you still owe. Early repayments are mostly interest; later ones mostly pay off the loan.
- Compare loans by EIR. The effective interest rate is the yearly cost once monthly compounding and upfront fees are counted. 4% advertised is 4.07% effective before fees.
- What is left out. Insurance, and any change in the rate during the loan.
- Car or personal loan? Those are usually quoted as a flat rate, which costs more than the same advertised rate here. Use the flat-rate loan calculator.