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Loan Comparison Calculator

This Loan Comparison Calculator will help you to compare the total interest payable for up to four different loans.

Instructions: To calculate the payment amount and the total interest of any fixed term loan, simply fill in the amounts in the first three left-hand cells of the first row. These are the total Number of Payments, the Interest Rate and the Principle (the total amount of the loan). Then click on "Compute."

Use the other three rows to see how these amounts are effected by changing any one of the loan's original values


No. of
Payments

Interest
Rate %

Principal £

Monthly
payment £

      Total
    Interest £



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