Early repayment calculator
Our early repayment calculator gives you a clear picture of your loan, so you can plan your next move with confidence.
Important: this is only an illustration.
These results should only be used as a guide, as we have to make certain assumptions that could change. For example, that you'll make all future repayments on time and on the same day of the month as you do now, and that other additional payments won't be made.
We've used the APR which, because of rounding, means the estimated interest figure shown won't be the exact amount of interest you'll actually pay. If you make other additional payments in future, we'll confirm the details at the time.
Ever wondered what would happen if you paid a little extra each month? Or popped a lump sum towards your balance? Our early repayment calculator does the maths for you. In just a few clicks, you’ll see how additional payments could shorten your loan and reduce the interest you pay.
The results are a helpful guide rather than an exact figure. We make a few assumptions – for example, that you’ll make all future repayments on time and on the same day of the month as you do now.
Just three things to start: your loan’s current balance, your regular monthly payment, and the APR of your loan agreement. From there, you can add any extra payments you’re thinking about making.
Yes! Simply select the lump sum option, enter the amount, and the calculator will show you how that single payment could affect your remaining repayments.
In most cases, paying more towards your loan reduces the interest you pay over time and helps you clear the balance sooner. The calculator shows you how much of a difference it could make. If you do decide to make additional payments in future, we’ll confirm all the details with you at the time.
See potential savings
Find out how much interest you could save by paying off your loan early. No guesswork, just clear figures you can rely on.
Plan around your life
Whether you’ve had a pay rise, a new addition to the family, or simply want to be debt-free sooner, the calculator helps you plan repayments that suit your situation.
Simple and easy to use
There’s no complicated jargon here. Just enter a few details about your loan, and we’ll do the rest.
