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Personal Loan Calculator

Work out your monthly personal loan repayments, the total interest and the APR including any fees.

£
%
More options
£

Charged by the lender up front

Monthly payment

£322.48

36 payments on £10,000 at 9.96%

Total interest
£1,609
Total repaid
£11,609
What the loan costs
  • Amount borrowed£10,000
  • Interest£1,609

What this means

You’d pay back £11,609 for £10,000: £1,609 of it is interest.

Compare loans by their APR, which includes fees as well as interest, and borrow over the shortest time you can afford: longer loans have lower payments but cost more.

Next step

Breakdown

Loan amount£10,000.00
Amount repaid over the loan£10,000.00
Interest£1,609.47
Total repaid£11,609.47
Total cost of borrowing£1,609.47

About the rate

New personal loans averaged 9.96% in August 2026 (Bank of England).

The rate you’re offered depends mostly on your credit history and income. When comparing offers, look at the APR, which includes fees: with this loan’s fee, the APR is 10.43%.

Principal and interest paid each year
£3,870£1,935£0
123
PrincipalInterest
Assumptions in this estimate
  • Assumes a fixed rate and equal repayments, with interest worked out on each repayment.
  • The APR here includes the up-front fee you enter. Lenders may include other costs, so their APR can differ slightly.
  • Late payment charges, insurance and early repayment fees aren’t included.
Spotted a mistake? Tell us

How the calculator works

  1. Your repayments: worked out so equal payments repay the loan, with interest, by the end of the term.
  2. The fee: if your lender charges one, enter it under More options. It’s either taken from the loan, paid up front, or added to the loan.
  3. The APR: the yearly rate including the fee, so you can compare offers fairly.

Shorter or longer?

Borrowing £10,000 at 9.96%:

Loan length Monthly repayment Total interest
3 years £322.48 £1,609
5 years £212.27 £2,737

New personal loans averaged 9.96% in August 2026, according to the Bank of England.

Last updated

Frequently asked questions

How much would a £10,000 loan cost?

At 9.96% over three years, £322.48 a month and £1,609 of interest.

What is the difference between the interest rate and the APR?

The interest rate is what you pay on the balance. The APR also includes up-front fees, so it's the better figure for comparing loans. With no fees, they're the same.

Is a longer loan better?

It lowers each repayment but costs more interest in total. On £10,000 at 9.96%, five years costs £2,737 of interest against £1,609 over three years.

How can I get a lower rate?

A good credit record usually gets a lower rate. Lenders advertise a "representative APR" that at least half of successful applicants get, so the rate you’re offered may be higher. Use eligibility checkers to compare without harming your credit score.