Know your payment
Loan EMI / payment
Monthly EMI / payment, total interest and repayable amount.
Personal loan & debt payoff tools
UK personal loan payments and debt payoff — clearer maths
Work out your monthly payment in £, see whether consolidating saves money, and compare snowball vs avalanche payoff — with fees and assumptions shown. Illustrative tools for UK borrowers; not a lender and not credit advice.
EXAMPLELoan A — try the EMI calculator
£8,500 · 24.9% · 48 months · £0 fee
EXAMPLE Loan A defaults (£8,500 · 24.9% EXAMPLE rate · 48 months · £0 fee) — illustrative only, not a live quote.
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Not a lenderNot credit adviceIllustrative only
UK £ by default. Always check lender terms before you borrow.
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Calculators indexSee the schedule
Amortisation
Month-by-month principal and interest schedule for a personal loan.
Roll debts together?
Consolidation break-even
Compare keeping several debts versus one consolidation loan after fees.
Payoff strategy
Snowball vs avalanche
Smallest-balance-first vs highest-rate-first payoff — months and interest side by side.
Refinance?
Refinance break-even
Break-even months for refinancing a personal loan given fees, rate and term.
True cost of credit
APR true cost
See how upfront fees raise effective borrowing cost versus the headline rate.
Pay down faster
Extra payment
Model regular extras or a lump sum — interest saved and months cut from the term.
A simple path for borrowers
- 1
Know the payment
Calculate EMI or instalment, then open the amortisation schedule so fees and interest are visible.
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Compare strategies
Weigh consolidation against keeping debts, or snowball vs avalanche for multi-debt payoff.
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Check true cost
Fold fees into an effective rate and test refinance break-even before you switch loans.
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Guides worth reading first
All guidesUpdated
How EMI works — reducing balance, flat rates and true cost
UK guide to EMI on a reducing balance: the formula, a worked EXAMPLE with Loan A (£8,500), why flat-rate quotes mislead, and how fees change true cost and payoff clarity.
Amortisation explained — how to read a loan schedule
UK guide to reading an amortisation schedule: interest vs principal over time, with a worked EXAMPLE for Loan A (£8,500 · 24.9% EXAMPLE · 48 months · £0 fee).
Snowball vs avalanche — behaviour vs maths for multiple debts
UK guide to debt snowball vs avalanche: behaviour versus interest maths, a three-debt EXAMPLE (£1,200 @ 29.9%, £3,400 @ 22.0%, £6,800 @ 9.9%, extra £75/month), and how a consolidation fee can reorder lifetime-cost rankings.
Refinance a personal loan when it pays — fees vs a lower rate
UK personal-loan refinance guide: break-even maths with a worked EXAMPLE comparing Loan A (£8,500 · 24.9% · 48 months · £0 fee) to a lower-rate deal with a £195 fee — and when fees erase the benefit.
Fees & APR — headline rate vs true cost of credit
UK guide to how arrangement fees raise effective cost vs a headline rate: worked EXAMPLE with Loan B (£12,000 · 16.9% EXAMPLE · 60 months · £195 fee), why the quoted rate is not cash cost, and what APR disclosures are for.
Clearing a loan early? See the early settlement figure guide for UK personal loans.
All calculators are illustrative and not personalised financial advice or a credit offer. LoanCalc Lab is not a lender. Calculator disclaimer.