Loan repayment schedule:

Author: Staff

Use the mortgage calculator window on the right for a rough guide to your monthly repayments.

calculation loan repaymentsThe calculation assumes a fixed rate of interest is applied each month on an incremental reducing balance. Some lenders apply interest annually on the anniversary of the loan inception. This increases the amount paid by the borrower, as the monthly reduced balance does not form part of the interest calculation. Our advice therefore is to shop around for the best terms.

 

Remember, all loans attract additional costs such as loan arrangement fees, PPI (payment protection insurance) which is often added to the monthly repayment and will be subject to local taxes.

Mortgage Calculator

Try our simple loan repayment calculator to check the monthly costs.