Secured Loan Calculator 2025
Estimate your monthly payments on a secured loan with our free secured loan calculator. Enter the loan amount, interest rate and term to instantly estimate repayments and total cost.
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Calculate Your Secured Loan Repayments Instantly.
Use our free secured loan calculator to estimate your monthly repayments, total interest and overall cost. Simply enter the loan amount, interest rate and term to compare secured loan amounts and rates, plan your budget and find an affordable repayment plan before you apply.
What Your Results Mean
Monthly Repayment
This is the estimated amount you’ll pay each month over the life of your secured loan. It includes both the interest charged and the repayment of the loan capital. Use it to plan your monthly budget and see how changing the loan term or interest rate affects what you pay.
Total Repayable
This shows the full cost of your loan over its entire term, including any fees you’ve entered. It’s a helpful figure for comparing lenders and seeing the real cost of borrowing – not just the monthly payment.
Loan-to-Value (LTV)
Your LTV represents the size of your secured loan as a percentage of your property’s value. A lower LTV generally means you’ll have access to more lenders and potentially better interest rates. A higher LTV can limit your options or increase costs.
Affordability Indicator
This quick check compares your estimated monthly repayment to your income and existing mortgage payment. If the indicator shows “In budget,” it suggests the repayment may be manageable based on the figures you’ve entered. If it shows “Out of budget,” consider adjusting the loan amount or term to find a more affordable option.
Please note: This tool provides an illustration only – actual rates, fees, and eligibility will vary depending on your circumstances and the lender’s assessment.
Frequently Asked Questions: Secured Loans
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The details shown are for illustration only and may not include all lenders or products. Actual rates and terms depend on your circumstances and the lender’s assessment. Information was correct at publication but may change at any time.
