Know the numbers before you borrow.
See your monthly repayment, the total cost and exactly how much is interest — then compare terms side by side. Representative 9.9% APR. Illustration only; your rate depends on your circumstances and the lender.
Monthly repayment
Total repayable
Total interest
Cost per £1 borrowed
PrincipalInterest
Compare terms
Shorter or longer?
Same amount and APR, different terms. Longer terms lower your monthly repayment but increase the total interest.
| Term | Monthly | Total interest | Total repayable |
|---|
Year by year
Where your money goes.
How much principal and interest you’ll pay each year, and what’s left to repay.
| Year | Principal | Interest | Balance after |
|---|
The maths
Amortising loan Each fixed monthly repayment covers that month’s interest plus a slice of the amount borrowed. Early payments are mostly interest; later ones are mostly principal.
APR The annual percentage rate includes interest and compulsory fees, so it’s the fairest way to compare loans of the same term.
Monthly rate We use APR ÷ 12 as the monthly rate in the standard repayment formula — your lender’s exact calculation and fees will be in your offer.
How repayments are calculated.
Save money
Ways to cut your cost.
- Borrow only what you need — and choose the shortest term you can comfortably afford.
- Have 12 months of clean bank statements and up-to-date accounts ready — stronger applications attract better rates.
- Check whether you can repay early without penalty if your cash flow improves.
- If your cash is tied up in invoices or card sales, compare invoice finance or a merchant cash advance.
- Ask us — comparing our panel is free and won’t affect your credit score.
Figures are illustrations only and don’t constitute an offer. Finance is subject to status, affordability and lender approval. Rates and fees vary by lender and your circumstances. A merchant cash advance is priced differently — see how MCA pricing works.