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 & cheapest lenders.
Why use a loan calculator?
A personal loan calculator puts you in charge of your borrowing and helps you plan your repayments.
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 help work out:
Our personal loan calculator can also help you find the cheapest lenders in Ireland based on your needs.
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 will apply a complex calculation using 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. This could make your monthly repayment costs higher.
How much can you borrow?
You can apply for the amount you need, but the lender will ultimately decide how much they will lend you based on affordability and your financial profile.
If you can show evidence that you’re able to make regular repayments and have a good credit history, then it’s likely the credit you request will be granted. When using the calculator:
- If you’re unsure how much to borrow, start with an amount you can afford to repay each month.
- Make sure to try different loan amounts and repayment terms.
- Take note of how much your loan will cost in total, and what you’ll have to repay every month.
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:
- An Post
- Avant Money
- Bank of Ireland
- Permanent TSB
How to keep borrowing costs down
Use our loan calculator to find the cheapest lender and consider these tips:
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, proof of your 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 term of the loan, 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 you can.
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.