Loan repayment calculator
Our personal loan calculator can help you work out your monthly repayments and interest in just a few clicks. See how much a loan costs from Ireland’s leading lenders.
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.
Loan calculator tips
- If you’re unsure how much to borrow, start with an amount you can afford to repay each month
- Try different loan amounts and repayment terms to find a loan that suits your budget
- Take note of how much your loan will cost in total
Why use a loan calculator?
A personal loan calculator puts you in charge of your borrowing and helps you plan your repayments. Our personal loan calculator can also help you find the cheapest lenders in Ireland based on your needs.
If you want to work out how much a car loan costs or the cost of monthly payments for a home improvement loan, a loan calculator can work out:
How do personal loan calculators work?
They work by taking into account three main factors:
- The loan amount: This can be between €1,000 & €75,000
- The length of the loan: This can be between 1 & 10 years
- The interest rate: This will vary depending on the rate set by the lender
Individual lenders use a complex calculation based on compound interest to determine precisely how much your loan will cost based on their interest rate.
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.
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 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 significantly increases 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.
How to keep borrowing costs down
Use our loan calculator to find the cheapest lender and:
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.
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 is the annual percentage rate (APR)?
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.
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.
Is there a mortgage calculator?
Yes, we have a selection of handy online mortgage calculators which can estimate your mortgage repayments and work out how much you can borrow.
