This loan repayment calculator uses similar amortization formulas that are used by the banks, and credit-card companies.

Fill in the details below to work out your repayments on a loan if you buy a new or used car, or for any personal loan. You can even use it as a mortgage repayment calculator (same principles apply).

Another related tool we have is the Compound Interest Calculator which can help you work out your long term savings and investments.

### Mortgage or Loan Repayment Calculator

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240

Total Paid In Interest

Total Amount Paid Back

Monthly Payment£