Finance calculator

  • 36months
  • 42months
  • 48months
  • 60months

This helps you get a more accurate finance estimate

Not sure about being approved?

Check finance eligibility

Won't affect your credit score

Your estimated examples

These estimates are subject to credit checks, and may change if you do apply for finance.

Loan amount£7,500
Length of Loan60 months
Monthly payment£0
Interest rate9.9% APR
Optional final payment£0
Amount of interest£0
Total payment£0

What is an online personal loan calculator?

An online loan calculator is a helpful tool designed to assist borrowers in estimating their loan repayment amount, interest charges, and overall affordability. This digital tool allows individuals to input key information such as the total loan amount, interest rate, and loan term, and provides them with instant calculations. The convenience and accessibility of using an online loan calculator make it an invaluable resource for anyone considering a personal loan.

Why use a personal loan calculator?

Using a loan calculator before applying for a personal loan offers several benefits. Firstly, it helps you plan your finances better by giving you a clear understanding of how much you can afford to borrow and how much your monthly repayments may be. By entering different loan amounts, interest rates, and loan terms, you can explore various scenarios and make informed decisions based on your personal circumstances. Additionally, a loan calculator allows you to compare different loan options, helping you find the most suitable one for your needs.

  • Nigel

    Easy to use Car-finance, I’ve compared loans and got the best rate for myself.

  • Monica

    Quick and easy to use, thank you guys at Car-finance! Love the service.

  • Sandra

    Best personal loan comparison site.

How it works?

  • Apply for your loan

    Think on how much you want to borrow and over what period. Our panel of lenders will then run checks and get back to you.

    Apply now
  • Receive the money

    Once approved, the money should hit your account same day. You can use it to make that car purchase or pay for holidays or home improvements.

  • Pay it back over time

    You’ll repay in monthly instalments across a period of between 1 and 5 years. You’ll pay back the amount borrowed and the interest.

How do I use the personal loan repayment calculator?

Using a personal loan calculator is simple and user-friendly. Here's a step-by-step guide:

  1. Visit our Car-finance website and locate the loan repayment calculator.
  2. Input the loan amount you are considering.
  3. Enter the interest rate that applies to your loan. This can vary based on your credit rating and other factors.
  4. Choose the loan term, indicating the duration over which you would like to repay the loan.
  5. Once you have entered all the required information, click the calculate button.
  6. The loan repayment calculator will provide you with an estimate of your monthly repayments and the total cost of the loan over the chosen term.

The calculator may also offer additional options, such as the ability to adjust interest rates or compare different repayment schedules with existing loan amount. Feel free to explore these features to get a better understanding of your loan options.

How are loan monthly repayments calculated?

Personal loan payments are calculated based on the loan amount, interest rate, and loan term. The loan repayment calculator uses these inputs to determine your monthly installment amount. It takes into account the interest charges that accumulate over the loan term, allowing you to see the total repayment amount. By using the personal loan calculator, you can gain a clearer picture of how much you'll need to repay each month and how much interest you'll pay over the loan term.

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How can I improve my loan eligibility?

Improving your loan eligibility is important to increase your chances of getting approved for a personal loan and securing favorable terms. Here are some tips to enhance your eligibility:

  1. Maintain a good credit score: A higher credit score demonstrates your creditworthiness to lenders. Pay your bills on time, minimize outstanding debts, and avoid defaulting on payments to keep your credit score in good shape.
  2. Reduce existing debts: Lenders consider your existing financial obligations when assessing your eligibility. Lowering your debt-to-income ratio by paying off existing loans or credit card balances can improve your chances.
  3. Have a stable income source: Lenders prefer borrowers with a stable and reliable source of income. Demonstrating steady employment and a consistent income stream can positively impact your loan eligibility.
  4. Avoid multiple loan applications: Applying for multiple loans simultaneously can signal financial distress to lenders and negatively affect your credit score. Instead, focus on carefully selecting the most suitable loan option before submitting an application.

By taking these steps, you can position yourself as a reliable and responsible borrower, which enhances your credit scores and your loan eligibility.

How long should my loan term be?

Choosing the right loan term is crucial as it affects your monthly loan repayments and overall interest costs. When deciding on a loan term, consider the following factors:

  1. Monthly payment affordability: Longer loan terms generally result in lower monthly payments, making them more manageable for some borrowers. However, bear in mind that longer terms may lead to higher overall interest costs.
  2. Interest savings: Shorter loan terms tend to accumulate less interest over time, which can help you save money in the long run. Although monthly payments may be higher, the total interest paid will be lower compared to longer terms.
  3. Personal financial goals and capabilities: Assess your financial circumstances and goals. Consider factors such as your income, expenses, and future financial plans to determine the loan term that aligns with your needs and financial capacity.

By carefully evaluating these factors, you can choose a loan term that strikes the right balance between monthly affordability and minimizing interest costs.

Why choose us

Here at Car-finance, we use a combination of automatic and manual
underwriting means whilst keeping people at the heart of everything we do.

Car-finance explained

Car-finance is here to help you find the best loan deals. We compare offers from the top lenders in our network, so you can get the loan that suits you best. Trust us to save you time and effort while ensuring you get the most favorable terms.

Bad credit? Not an issue

I specialize in helping clients with bad credit secure personal loans, making sure their credit history doesn't hold them back from approval.

The application process

Our application process is quick and easy, enabling clients to get their loans swiftly by filling out a short form.


Why use Car-finance?

At Car-finance, we pride ourselves on providing exceptional personal loan brokering services to help you find the right loan for your needs:

  1. Expertise and guidance: Our team of experienced personal loan brokers are knowledgeable in the industry and understand the complexities of personal loans. We're here to guide you through the process, answer your questions, and offer tailored advice based on your individual circumstances.
  2. Extensive lender network: As brokers, we have access to a wide panel of lenders, increasing your chances of finding a suitable loan option. We work with reputable lenders who offer competitive interest rates and flexible terms.
  3. Convenience and efficiency: Applying for a loan through Car-finance is simple and convenient. With our online application process, you can easily submit your loan application from the comfort of your own home.
  4. Fast approval and funding: Once your loan is approved, the funds are typically deposited into your account on the same day, allowing you to access the money quickly and use it for your desired purpose.
  5. Transparent and fair: We believe in transparency and fair practices. We provide clear information about the loan terms, interest rates, and fees associated with each loan option, ensuring you have all the necessary details to make an informed decision.

Choose Car-finance as your personal loan broker and let us help you navigate the loan process with confidence and ease. Apply for a loan now to get started on your journey towards securing the funds you need.

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  • What is a loan APR?
    The loan APR, or Annual Percentage Rate, is the total cost of borrowing expressed as a percentage. It includes both the interest rate and any additional fees or charges associated with the loan. The APR provides a clearer picture of the overall cost of the loan, allowing borrowers to compare different loan options effectively.
  • What rate should a personal loan be?
    The interest rate for a personal loan can vary depending on factors such as the borrower's credit history, loan amount, and repayment term. Generally, a lower interest rate is desirable as it means you'll pay less in interest over the loan term. However, the specific rate will depend on individual circumstances, loan agreement, and the lending market at the time of application.
  • What is the maximum loan I can apply for?
    The maximum loan amount you can apply for typically depends on various factors, including your credit score, income level, and existing financial commitments. As a personal loan broker, Car-finance can assist you in finding lenders who offer loan amounts of up to £25,000, but the final decision how much you can borrow will be based on your personal circumstances and the lender's criteria.
  • How do I get a personalised quote?
    To get a personalised quote, simply visit the Car-finance website and complete the loan application form. Provide accurate and relevant information about your financial situation, including your desired loan amount and repayment term. Our panel of lenders will then review your application and provide you with a personalised quote based on your specific circumstances. The quote will outline the loan amount, interest rate, monthly repayment amount, and any associated fees.