Loan Monthly Repayments by Amount
What a personal loan from £1,000 to £50,000 costs each month. Pick an amount for repayments at every rate and term.
| Loan | 3 years at 8% | 5 years at 8% | 5 years at 12% |
|---|---|---|---|
| £1,000 | £31.34 | £20.28 | £22.24 |
| £2,000 | £62.67 | £40.55 | £44.49 |
| £3,000 | £94.01 | £60.83 | £66.73 |
| £5,000 | £156.68 | £101.38 | £111.22 |
| £7,500 | £235.02 | £152.07 | £166.83 |
| £10,000 | £313.36 | £202.76 | £222.44 |
| £15,000 | £470.05 | £304.15 | £333.67 |
| £20,000 | £626.73 | £405.53 | £444.89 |
| £25,000 | £783.41 | £506.91 | £556.11 |
| £30,000 | £940.09 | £608.29 | £667.33 |
| £40,000 | £1,253.45 | £811.06 | £889.78 |
| £50,000 | £1,566.82 | £1,013.82 | £1,112.22 |
Choosing the amount and the term
The monthly cost of a personal loan depends on the amount, the interest rate and the number of years. A shorter term costs more each month but much less in interest overall. Check the APR rather than just the interest rate, because the APR includes compulsory fees. Representative APRs only have to be offered to at least 51% of successful applicants, so your own rate may differ.
Cheaper ways to borrow
For existing debt, a 0% balance transfer card or a lower-rate consolidation loan can reduce interest. Borrowing for a car? Compare the car finance calculator with an ordinary loan.
Figures are estimates. Use the loan repayment calculator for your own figures, or the car finance calculator.
Figures are for the 2026/27 tax year from official sources and are estimates for guidance only, not financial or legal advice. Printed from ukanswers.co.uk.