Personal loan calculator

Our online loan claculator is a quick and easy way to see how much your loan could cost you. The calculator can:

• Tell you how much your monthly repayments may be. You’ll see a monthly figure and also find out the total repayable amount for your loan that you could be offered, based on the representative example. If you complete the form you’ll see tailored results.

• Let you know the cost of borrowing over a year. Using the information you’ve given, you’ll see the Annual Percentage Rate that outlines interest and extra charges. This is based on the representative example or tailored to you if you’ve filled in the form.

• Display the fixed annual interest rate you may be charged. Find out the interest that you may be charged as part of your monthly repayments, according to the representative example.

• Give you a bigger picture of your financial future. By having all the figures, you can decide if a loan is the right option for you, before you apply.

Our personal loan calculator is quick and easy to use. We'll need to know:

• 1. How much you’d like to borrow – you can borrow any amount from £1,000 to £25,000, or up to £40,000 if you’re a Nectar member.

• 2. How long you'd like to repay your loan – you can repay your loan over five years. Nectar members can choose up to seven years for loans between £7,500 and £40,000.  

• 3. Whether you’re a Nectar member – tick the box that applies to you. If you’re a Nectar member you can access our lowest rates.   

• 4. Your Nectar card number – if you selected yes, enter your Nectar card details.

• 5. Whether it’s a single or joint application – choose if you are interested in a single or joint application. A joint application is split between two people.

Once you’ve given all this information, you can check your results, which outline what rate you could be offered, what your monthly repayments and total repayable could be, based on the representative example. If you’re happy with the results, you can click Apply Now and start your application today.  Any information you’ve provided prior to this point won’t affect your credit score.

Use our loan calculator

There are several things that you can do which could improve your chances of being accepted for a loan. However, it’s worth bearing in mind that none are guaranteed to result in a successful application:

• Try to improve your credit score – avoiding making multiple applications for credit (such as credit cards, loans etc.) in a short space of time, paying bills and debt repayments on time and getting on the electoral roll may all help improve your score.

• Make a joint application – sometimes a joint application may help prove your financial stability, as your provider looks at both your credit records. However, if either of you miss a repayment, both your credit ratings could be affected.

• Check for bad financial ties – if you’re financially connected to someone with bad credit, for example an ex-partner, this could affect your likelihood of being accepted. If this is the case, you can apply for a notice of dissociation, to show lenders that you’re no longer connected to them.

• Obtain credit if you have none or bad credit – taking some basic steps toward improving your credit situation may help improve your eligibility chances. This can include doing simple things like opening a bank account, setting up direct debits and keeping up with any repayments.

We treat all our customers and their applications on an individual basis. The APR we offer is determined by the details you supply and the loan you are applying for, along with an independent verification of your credit and repayment history.