Loan calculator

Whether you’re planning a wedding, buying a car or doing some home improvements, our loan calculator can help you

 

Helpful tip

The options you've selected will result in the interest being higher than the amount you're able to borrow.

I understand

Tell us how much you’re looking to borrow and over how long, and we’ll show you an example of what your repayments could be.

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What is APR?

Annual Percentage Rate (APR) measures the amount of interest you'll pay each year on your borrowing. It's calculated by your lender. Typically, the better your credit rating the lower the APR you'll get.

To see how APR will affect your finance, use the slider or enter an amount.

Low High

Your real APR is worked out by the lender based on your circumstances - this is purely for illustrative purposes.

You could pay 36 monthly
repayments of £200

Total amount you could borrow: £6,199.81

Total amount repayable: £7,200

Including loan interest at 9% APR: £1,000.19

More information
close
What is APR?

Annual Percentage Rate (APR) measures the amount of interest you'll pay each year on your borrowing. It's calculated by your lender. Typically, the better your credit rating the lower the APR you'll get.

To see how APR will affect your finance, use the slider or enter an amount.

Low High

Your real APR is worked out by the lender based on your circumstances - this is purely for illustrative purposes.

Total amount you could borrow: £10,000

You could pay 36 monthly repayments of: £316.37

Total amount repayable: £11,389.15

Including loan interest at 9% APR: £1,389.15

Find out your exact APR

Find out your loan options and see your exact monthly repayments without affecting your credit score

Compare loan quotes

How to use our loan calculator

Our loan calculator shows you what your repayments might look like to help you work out how much you can afford to borrow. There are two ways you can do this.

Firstly, you can use the ‘I know my monthly budget’ tab if you have an idea of what you want your monthly repayments to be. Then choose how long you want the repayment period to be and at what APR (annual percentage rate). We’ll show you how much you can borrow and how much the interest would be, based on what you’ve told us.

Or, if you have a budget in mind for the amount you’d like to borrow overall, select the second tab. We’ll show you what your payments are likely to be, based on different APRs.

Our loan calculator tool is for illustrative purposes only and aims to give you a rough idea of repayment costs before comparing loan deals.

Ways to compare loans

We get that comparing loans may seem daunting. That’s why we offer different ways for you to see what you might be able to afford, and what loan offers could be right for you.

  • To get an idea of how your loan repayments could look, our loan calculator could be exactly what you’re after. And you don’t have to enter any personal details.

  • Then to find out what loan deals are available to you, you can compare loan quotes through us without affecting your credit score. Enter a few personal details, the amount you’d like to borrow and over how long, and we can show you a list of potential lenders. The quotes offered aren’t a guarantee, since we only run a soft credit check. This that means you can compare quotes as many times as you like without committing and it won’t show on your credit report.

  • If you like the look of one of the loan quotes you’re offered, you can visit that lender’s site to complete your application. This is where you’ll see a guaranteed rate as the lender will run a hard credit check on your credit history. A hard credit check is a detailed look into your financial situation and will show on your credit report. They’ll calculate an exact APR (annual percentage rate) based on your information and give you your repayment figure. The final APR given by the lender may be different to what you saw on our site.

What do I need to apply for a loan?

  • The amount you’d like to borrow

  • The purpose of your loan e.g. holiday, one-off purchase

  • How long you’d like the loan for (the term)

  • Your personal details, such as your annual income and monthly outgoings

  • Your UK address and any previous addresses you’ve lived at over the last 4 years

Depending on the lender, you may have to provide proof of address and of your earnings during the loan application process.

When you’re ready to go through with an application, it’s a good idea to have these to hand to make the process easier.

Why use Confused.com and Monevo for loans?

We’ve teamed up with the loan experts Monevo to offer the best possible deals on unsecured, secured and guarantor loans. With Monevo’s loan service you get:

  • A free service with no obligation to apply once you’ve got your rate

  • Eligibility checks with no impact on your credit score - lending partners run a soft search on your credit file which doesn’t affect your score

If you’re thinking of applying for a secured loan: think carefully before securing other debts against your home. your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

If you’re thinking of consolidating existing borrowing: you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

Still need help? Our loans page has more information on all the different types of loans we offer. We also have a dedicated loans FAQs page if there's a specific question you're looking for.

Take a look at our expert guides

Secured vs unsecured loans

A look at unsecured vs secured loans.

How do I improve my credit score?

What you need to know to improve your score.

Guarantor loans explained

Everything you need to know about guarantor loans.

Bridging loans explained

Confused about bridging loans? We're here to help.

Wedding loans explained

Everything you need to know about wedding loans.

Holiday loans explained

The pros and cons of wedding loans.

Confused.com’s Personal Loan solution is offered by Monevo Limited. Monevo Limited (Monevo) acts as a credit broker not a lender. Monevo which is an Appointed Representative of Quint Group Limited (Quint), and is entered on the Financial Services Register under reference number: 723672. Quint is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. Monevo is registered in the UK with its registered office at Oxford House, Oxford Road, Macclesfield, Cheshire, SK11 8HS.