How to Use the Loan Calculator
Enter the amount you intend to borrow, the annual interest rate offered by your lender and the term of the loan in years. The calculator applies the standard amortising loan formula and instantly shows your monthly repayment, the total amount you will pay back over the full term and how much of that is pure interest.
Scroll to the yearly breakdown to see how each year splits between principal and interest, and how the outstanding balance falls over time. Early years are interest-heavy on almost every amortising loan, which is why overpaying at the start saves the most. Adjust the rate or term and compare scenarios side by side before committing to an offer.