Unsecured term loan repayment calculator
Estimate what a 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.
£
months
% APR
Est. monthly payment
£829.16
Total repayable
£29,850
Total interest
£4,850
Indicative illustration only — not a quote. Your actual rate and repayments depend on the lender and your circumstances.
Check your real optionsHow a 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.
For example, a 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. The figures here are indicative illustrations, not quotes or offers — your real terms depend on the lender and your circumstances.
Frequently asked questions
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?
We pre-fill an indicative rate for an unsecured term loan, but you can change it. Real rates depend on your trading history, credit profile and whether a personal guarantee is given.
Are there fees on top of the monthly payment?
The calculator shows capital-and-interest repayments only. Some lenders add an arrangement fee, which isn't included here.
See what you qualify for
Start your application now — it's free, takes minutes, and there's no credit check to view your options.