Secured term loan repayment calculator

Estimate what a secured term loan could cost each month, and the total over the term. Adjust the amount, term and indicative rate to see how repayments change.

£3,086

Indicative monthly payment at 8.4%

Total interest

£120,355

Total repayable

£370,355

Amount

£50k

£5m

Term

months

1 year

20 years

Indicative rate

% APR

See my real terms About this facility

Reading the numbers

The figures here are indicative illustrations, not quotes or offers. Your real terms depend on the lender and your circumstances.

How a secured term loan repayment is calculated

This calculator uses the standard amortising repayment formula, the same capital-and-interest method most UK lenders use. Each month you pay the interest due on the outstanding balance plus a slice of the capital, so the balance falls to zero by the end of the term. Early payments are mostly interest; later ones are mostly capital.

Worked example

A secured term loan of £250,000 over 10 years at an indicative 8.4% works out at about £3,086.29 a month, roughly £370,355 repaid in total, of which £120,355 is interest. Change the amount, term or rate above to see how the numbers move.

What affects your rate

Pricing turns on the asset you secure against and its loan-to-value. More security and a lower LTV generally means a keener rate.

Common questions

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Is this secured loan calculator an offer?

No, it's an indicative amortising illustration, not a quote. Your real rate and terms come from the lender after valuation and underwriting.

What rate should I use?

Does it account for valuation or legal costs?

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