Loan repayment calculator
Calculate loan repayments, interest, and total cost with Switcher.ie’s free Irish loan calculator. Compare personal and home improvement loan costs from Ireland’s leading lenders.
How Switcher’s loan calculator helps you
A personal loan calculator puts you in charge of your borrowing and helps you plan your repayments.
Our free loan repayment calculator for Ireland lets you estimate your monthly repayments and total interest based on the loan amount, term and APR (Annual Percentage Rate) and helps you find the cheapest lenders in Ireland.
How much will your loan really cost?
Before taking out a personal loan, it’s important to understand how much you’ll repay each month and what the total cost will be. Whether you’re planning home improvements, buying a car or consolidating debt, our loan calculator helps you budget before applying.
How our free loan calculator works
Tell us how much you want to borrow and for how long, and we’ll work out your loan repayments from Ireland’s best banks and cheapest lenders.
You’ll instantly see your monthly payment, total repayment, and cost of credit (the total interest you’ll pay) from each lender.
Enter the following details:
- Loan type: Indicate whether you need a personal loan or a home improvement loan. Rates and maximum loan amounts may differ
- Loan amount: This is how much you want to borrow - choose from as little as €1,000 up to €75,000
- Repayment term: Shorter loan terms mean higher monthly repayments but lower overall interest, a longer repayment period means lower repayments but more interest
Here’s an example: Borrow €10,000 over 5 years at 8% APR, and you’ll pay around €203 per month, or €12,180 in total. By reducing the term to 4 years, you’d save almost €400 in interest.
Understanding your results
Your calculator results are only a guide. The exact repayment and APR offered will depend on your individual circumstances and credit history, but our loan calculator will let you view:
Once you know roughly what your loan will cost and your monthly repayments, you can compare lenders to find the best rate available.
If you’re interested in a home improvement loan, check if you qualify for a green loan or the Home Energy Upgrade Scheme loan (HEULS) and start your application.
To find out more about the Home Energy Upgrade Scheme loan and green loans, visit our home improvement loans page.
How much can you borrow?
You can choose how much you wish to borrow, but the loan amount is subject to lender approval. They will assess your financial situation to determine the appropriate loan size based on your ability to repay.
A good credit history, and evidence of your ability to make consistent repayments, increase your chances of loan approval and the best loan rates.
A bad credit history may reduce the amount a lender will let you borrow and impact the interest rate you’re given.
The loan amount and interest rate applied to your loan will affect the monthly repayment amount, so carefully consider what you can afford each month before you apply.
Example loan requirements
| Loan amount | Term | APR | Monthly repayment | Total cost |
|---|---|---|---|---|
| €3,000 | 2 years | 6.4% | €133 | €3,198 |
| €5,000 | 3 years | 8.95% | €158 | €5,690 |
| €10,000 | 5 years | 8.5% | €204 | €12,223 |
| €30,000 | 5 years | 6.7% | €340 | €40,877 |
Figures are for illustration only and based on standard Irish APRs as of 2025.
What affects your loan rate in Ireland?
Personal loan rates in Ireland typically range from 6% to 9% APR.
However, the interest rate you’re offered may differ from the APR (Annual Percentage Rate) because your credit history and income affect a lender’s decision.
Several things influence the rate you’re offered:
- Credit history: Lenders check your credit record - a poor credit history will increase your rate, a good one will boost your chance of approval
- Loan amount and term: Larger loans or longer terms usually have lower rates, but will cost more in total, so only borrow what you need
- Loan purpose: Rates can differ for car loans, green loans, or home improvements
- Lender type: Banks, credit unions, and digital lenders often offer different APRs, some cheaper than others
How to lower your repayments
There are several things you can do to ensure you’re getting the best rates.
Which lenders can you use the loan calculator with?
We compare loans from all the top banks in Ireland so you know you’re getting the best rates from lenders you can trust. You can use our loan calculator to see the loan rates from these lenders:
- AIB
- An Post
- Avant Money
- Bank of Ireland
- PTSB
- Revolut
How to keep borrowing costs down
Borrow as little as possible and repay as soon as you can.
To cut any risks and avoid debts spiralling out of control, always base your borrowing on what you can comfortably afford to repay.
Switcher.ie is regulated by the Central Bank of Ireland. All information is for Irish residents and is correct as of 2025.
Loan calculator FAQs
How do I apply for a loan?
You can apply for a loan directly with your bank or start by using our loan calculator. To qualify for a loan in Ireland, you’ll need to be:
- over 18 years of age
- a resident of the Republic of Ireland
You’ll also need to provide proof of your address and income and pass a credit check to the lender’s requirement. To find out more about loans, read our Complete guide to loans for all you need to know about borrowing in Ireland.
What’s the difference between APR and interest rate?
APR is short for Annual Percentage Rate. It’s a calculation of the overall cost of your loan and considers all the costs during the loan term, including set up charges and the interest rate. It enables borrowers to compare loans between lenders fairly.
The APR includes both interest and fees, providing a clearer view of the true cost of your loan, whereas the interest rate does not account for any additional fees.
What is compound interest?
For loans or credit, compound interest is the interest added to the sum borrowed plus accumulated interest. Not only are you repaying interest on your starting loan, but you’re also repaying interest on the interest.
For this reason, it’s advisable to repay your loan as soon as possible.
Can I pay off my loan early in Ireland?
Yes, most lenders allow early repayment, especially if you have a variable rate loan, though some may charge a small early-settlement fee. Always check your loan terms.
