If you’re looking for clear guidance on mortgages, remortgages, property investment, or protection planning, you’re in the right place. We’re here to simplify the process, explain your options in plain English, and help you make confident decisions. Our loan calculator makes it easy to estimate your monthly costs, whether you’re planning home improvements, buying an asset, or consolidating existing debts—quick, clear, and stress-free.
How to Use the Loan Repayment Calculator
Our loan repayment calculator is a quick and easy way to estimate the cost of a personal loan. It’s useful if you’re planning home improvements, purchasing an asset, or consolidating existing debts.
To get started:
Enter the loan amount in the Mortgage Debt field
Enter the interest rate (%) in the Interest Rate field
Enter the loan term in years in the Mortgage Term (Years) field
The calculator will then provide an estimated repayment figure to help you plan.
Please note that all figures are automatically generated and are for guidance only. The results are based on general assumptions and may not reflect the exact costs you’ll be offered.
For accurate and up-to-date information, we recommend obtaining a personalised quote from your lender and reviewing all details carefully. Trident Finance cannot be held responsible for any inaccuracies in the calculator results.
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How do you interpret an APR rate?
APR (Annual Percentage Rate) shows the true yearly cost of borrowing, not just the interest rate. When you take out a mortgage or loan, the interest rate tells you the cost of borrowing, but it doesn’t include other charges. APR does, combining the interest rate with fees like arrangement, broker, or compulsory charges into a single yearly percentage.
This makes it easier to compare different mortgage or loan deals fairly. Two products may have the same interest rate, but if one has higher fees, its APR will be higher — meaning it costs more overall.
Interest rate = cost of borrowing
APR = interest rate plus fees, shown as a yearly figure
For mortgages, interest rate affects monthly payments, while APR shows the long-term value of the deal. A lower APR usually means a better overall deal, but it’s important to consider how long you’ll keep the mortgage and your monthly payments.
Understanding APR helps you make informed choices and pick a mortgage or loan that truly fits your budget and goals.
What’s the method for calculating loan payments?
When you take out a loan in the UK, your monthly payment is made up of two parts: the money you borrowed (capital) and the interest the lender charges. Most loans, like personal loans or mortgages, use amortisation, which spreads payments evenly over the term.
Here’s how it works:
Monthly payments are fixed for the term of the loan.
Early payments mostly cover interest.
Later payments mainly reduce the capital.
By the end of the term, the loan is fully repaid, including all interest.
Lenders calculate payments using the loan amount, the interest rate, and the loan term. For example, a £10,000 loan at 6% over 3 years gives a fixed monthly payment that gradually shifts from paying interest to paying off the capital.
