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Online Calculators since 2009
Use this mortgage calculator to calculate how much you can save by making extra payments on your mortage and repaying your mortgage off quickly.
Based on the figures entered into the Loan early Repayment Calculator:
If you are thinking of taking out a personal loan (secured loan or unsecured loan) it is important that you:
Use the early repayment loan calculator to calculate your monthly interest repayments, compare loan repayments over different periods and define what is the most affordable option for your financial situation. The early repayment loan calculator will provide your a monthly interest repayment over 1 year,2 years,3 years,4 years,5 years, 10 years and compare them to a monthly repayment period of your choosing (so you can create your own personal loan illustration).
You should never overstretch yourself when budgeting for a personal loan, If you really need a specific amount, look at what is affordable long term. Sometimes it is better for you financially to take the loan over a longer period to provide a financial buffer zone. You can normally make overpayments on a personal loan free of charge (double check when signing for the loan, some lenders will charge early repayment fees). Making additional loan repayments will reduce the term of your loan and reduce the amount of interest you will pay. Loan overpayments are recommended if you can afford to do it. Just £20.00 per month can make a big difference, try the additional monthly payments calculator and see the results for yourself.
You may also find the following Finance calculators useful.