Unsecured term loan repayment calculator

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

£1,658

Indicative monthly payment at 11.9%

Total interest

£9,700

Total repayable

£59,700

Amount

£25k

£500k

Term

months

3 months

6 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 an unsecured 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

An unsecured term loan of £50,000 over 3 years at an indicative 11.9% works out at about £1,658.33 a month, roughly £59,700 repaid in total, of which £9,700 is interest. Change the amount, term or rate above to see how the numbers move.

What affects your rate

Unsecured pricing sits above secured borrowing and depends on your trading history, credit profile and whether a director gives a personal guarantee.

Common questions

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Is this business loan calculator a quote?

No, it's an indicative illustration using the standard amortising formula. Your actual rate, fees and term come from the lender once you apply.

What interest rate should I enter?

Are there fees on top of the monthly payment?

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