# Loan calculator

## How the calculator works

This calculator uses a standard compound interest amortization formula to help you calculate the interest payable on a loan over any period. It will calculate loan payments, tell you the total sum to be repaid and the total interest you will pay. You will need to provide the duration of the loan (in months), the amount you intend to borrow and the APR (annual percentage rate) for the calculator to work. Please note that quoted APR's are intended to include the full cost of credit including any admin fees or additional charges. Although this payment calculator does not cater for these charges, the total amount repayable should be correct. Please check with the loan company on the exact monthly payment terms, conditions and amounts before you enter into an agreement.

To calculate repayments on a car loan click here.

This loans calculator will help you to find out whether a cheap loan is within your budget. Simply enter the amount you wish to borrow, the APR and the length of time in months you wish to borrow the money over:

## Free Loan Calculator

This free calculator only works online. The calculations are applicable to UK bank loans, debt consolidation loans, secured and unsecured finance, student loans, car finance, home improvement loans, motorbike loans, bridging loans and business loans etc.

### Conditions of free use

There is no need to download anything. To use this calculator on your website for free simply copy and paste the text in this box onto your page:(170 pixels x 130 pixels) - To see what this looks like go to Free Loan Calculator Widget

You can also add it to your iGoogle homepage here: