calculatorsonline.co.uk
Loan Repayment Calculator with Extra Payments Calculator
Months and interest saved by paying extra each month.
coins Free Online Tool
⚡ Instant Results
📊 Clear Comparison
🔒 100% Free Tool
Payoff months
Compare Your Options And Get Clear Answers
Months and interest saved by paying extra each month.
Loan Repayment Calculator with Extra Payments Estimator
Enter your numbers below for an instant estimate.
0
💡 Tip: n = ln(pay / (pay – rP)) / ln(1 + r)
How It Works
Key concepts behind this calculator
1
Enter Values
Fill in each field with your own numbers.
2
Calculate
Results update as you change the inputs.
3
Review
Read the breakdown and the explanation.
4
Adjust
Change values to compare scenarios.
Quick Reference Guide
Loan Quick Guide
Typical values for reference.
| Loan amount (GBP) | APR (%) | Extra per month (GBP) | Payoff months |
|---|---|---|---|
| 20000 | 7 | 100 | 46.1 months |
| 50000 | 6 | 300 | 44.1 months |
| 8000 | 12 | 50 | 43.4 months |
| 30000 | 8 | 200 | 42.8 months |
| Rule of Thumb | Check inputs | Use as a guide | Round sensibly |
Common Questions
Loan Repayment Calculator Calculator FAQ
Answers to common questions about this calculator.
It uses the formula shown with your inputs. Real conditions vary, so treat it as a guide.
n = ln(pay / (pay – rP)) / ln(1 + r)
It is an estimate based on the inputs you enter. Check real quotes, labels or official guidance for important decisions.
Yes. Replace each input with your own figures and the result updates instantly.