Personal loan & debt payoff tools
UK personal loan payments and debt payoff — clearer maths
Monthly payments in £, consolidation break-even and snowball vs avalanche, with fees and assumptions shown. Pick a free calculator below — no sign-up, illustrative only. Not a lender and not credit advice.
Updated
Calculators
See all calculators- Know your paymentStart here
Personal loan EMI
Your monthly repayment, total interest and total to repay. EXAMPLE: £5,000 at 10% over 24 months = £230.72/month.
Open calculator → - See the schedule
Amortisation
Month-by-month principal and interest schedule for a personal loan.
Open calculator → - Roll debts together?
Consolidation break-even
Compare keeping several debts versus one consolidation loan after fees.
Open calculator → - Payoff strategy
Snowball vs avalanche
Smallest-balance-first vs highest-rate-first payoff — months and interest side by side.
Open calculator → - Refinance?
Refinance break-even
Break-even months for refinancing a personal loan given fees, rate and term.
Open calculator → - True cost of credit
APR true cost
See how upfront fees raise effective borrowing cost versus the headline rate.
Open calculator → - Pay down faster
Extra payment
Model regular extras or a lump sum — interest saved and months cut from the term.
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Which calculator do I need?
- I want to know the monthly payment on a loanPersonal loan EMI calculator →
- I have an offer with a fee and want the true costLoan APR and true cost calculator →
- I have several debts and wonder about one loanDebt consolidation break-even →
- I want to pay my debts off in the best orderSnowball vs avalanche →
- I could pay a bit extra each monthLoan overpayment calculator →
- A cheaper loan might replace my current onePersonal loan refinance calculator →
- I want to see every month’s interest and capitalAmortisation schedule →
How our figures work: every calculator uses standard reducing-balance maths with the assumptions stated on the page, and example figures are labelled EXAMPLE. We are not a lender and do not make offers. See oureditorial policy andcalculator disclaimer.
£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.
Calculator disclaimer · Updated
A simple path for borrowers
- 1
Know the payment
Calculate EMI or instalment, then open the amortisation schedule so fees and interest are visible.
Open tool - 2
Compare strategies
Weigh consolidation against keeping debts, or snowball vs avalanche for multi-debt payoff.
Open tool - 3
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 — why early loan payments are mostly interest
Why early personal-loan payments are mostly interest, why overpaying early saves more, and how that shapes settling or refinancing — with a UK Loan A EXAMPLE.
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.