How it works
Repayment uses the standard amortisation formula, with annual interest divided by 12.
A worked example
A 10,000 loan at 6% over 36 months costs about 304.22 per month.
What to keep in mind
Nominal annual rate, fixed for the term. No fees, insurance, balloon payments or early repayments. APR including fees may produce a different result.
A common question
Does this include arrangement fees?
No. It models principal and interest only. Add relevant fees separately when comparing offers.
For general information and planning, not personalised financial or tax advice. Verify important decisions with a qualified adviser.