£12,000 Loan Repayment Calculator
There's no single repayment figure for a £12,000 loan, because the APR you get depends on the lender and your credit profile. Here's how repayments compare over 5 years at a few representative rates.
£12,000 loan over 5 years
| APR | Monthly | Total interest | Total repaid |
|---|---|---|---|
| 5% | £226 | £1,587 | £13,587 |
| 7.5% | £240 | £2,427 | £14,427 |
| 10% | £255 | £3,298 | £15,298 |
| 15% | £285 | £5,129 | £17,129 |
Try your own rate and term
The APR you're offered depends on the lender and your credit profile - this isn't a guaranteed rate.
Loan repayments
Monthly repayment
£240
Understanding APR and loan terms
APR (Annual Percentage Rate) is the yearly cost of borrowing, including interest, which lets you compare loans on a like-for-like basis. The APR you're actually offered depends on the lender and your credit profile - advertised rates aren't available to everyone, so use these figures as a guide rather than a quote.
A longer term lowers your monthly payment but increases the total interest you pay, since interest has longer to accrue. A shorter term does the opposite: higher monthly payments, less interest overall.
Other loan amounts
Working out a discount or fee?
The Percentage Calculator handles quick percentage sums like this.