Early Settlement Calculator 2026
Instantly work out your loan settlement figure, including accrued daily interest and early settlement fees. Perfect for personal loans, car finance, and mortgages you want to clear early.
Settlement Figure
Enter your loan details to calculate your early settlement figure
The remaining capital balance left on your loan or finance agreement.
The APR or annual interest rate stated on your credit agreement.
Number of days between your last payment and the settlement date.
The fee your lender charges for settling early, shown as a percentage of your balance.
Choose how many decimal places to show in the results.
Your Settlement Figure
Payoff amount, accrued interest, fees, and full breakdown
Enter your loan details above and click Calculate Settlement Figure to reveal your early settlement breakdown.
Example Settlement Figures
Sample early settlement figures at a 1% settlement fee and 21 days of accrued interest, so you can see how the numbers stack up at different balances and rates.
| Balance (£) | Rate (APR) | Days Accrued | Accrued Interest | Settlement Figure |
|---|---|---|---|---|
| £1,000 | 7.9% | 21 days | £4.55 | £1,014.55 |
| £2,500 | 7.9% | 21 days | £11.37 | £2,536.37 |
| £5,000 | 9.9% | 21 days | £28.48 | £5,078.48 |
| £8,500 | 7.9% | 21 days | £38.63 | £8,623.63 |
| £15,000 | 6.5% | 21 days | £56.10 | £15,206.10 |
| £25,000 | 5.9% | 21 days | £84.86 | £25,334.86 |
| £50,000 | 4.5% | 21 days | £129.45 | £50,629.45 |
Early Settlement Calculator FAQ
Everything you need to know about early settlement figures, accrued interest, and settling your loan or finance agreement ahead of schedule.
An early settlement figure is the total amount you need to pay to fully clear a loan, car finance agreement, or mortgage before its natural end date. It usually includes your outstanding balance, any interest accrued since your last payment, and an early settlement fee charged by the lender.
It is calculated by taking your outstanding balance, adding interest accrued daily since your last payment date, and adding any early settlement fee charged by the lender. This calculator automates that process for you instantly.
Many lenders charge an early settlement or early repayment fee, often a small percentage of the outstanding balance, to cover their lost interest income. Some agreements, particularly regulated consumer credit agreements, cap this fee by law.
Yes. Interest typically continues to accrue daily on your outstanding balance right up until the day your lender receives the settlement payment, which is why settlement figures are only valid for a limited number of days.
Settling early usually reduces the total interest you would have paid over the remaining term, even after accounting for any early settlement fee, because you stop future interest charges from accruing on the balance.
The formula is: Settlement Figure = Outstanding Balance + (Balance × Daily Interest Rate × Days Since Last Payment) + Early Settlement Fee. The daily interest rate is the annual rate divided by 365.