- Loans
- Loans Calculator
Loan calculator
Estimate your monthly repayments and total cost before you apply for a personal loan. Simply adjust the sliders to change how much you would like to borrow and over what time period you want to pay it back.
Representative example:
What your loan calculator results show
Monthly repayment
Your monthly repayment is the fixed amount you pay each month for the full term of your loan. Adjusting the amount you borrow or the length of the loan in the calculator changes this figure. A longer term lowers the monthly payment, but increases the total you repay.
Total to pay
The total repayable is the amount you borrowed plus all the interest charged over the loan term. It's the complete cost of the loan. Comparing total repayable across different terms gives you a clearer picture of what each option actually costs.
Representative APR
APR (Annual Percentage Rate) reflects the yearly cost of borrowing, including interest and any applicable charges. The representative APR shown is the rate offered to at least 51% of customers who are accepted. It's not guaranteed - your actual APR depends on your personal circumstances and credit history, and is confirmed when you apply.
Loan fee
The loan fee is a one-off charge applied when you take out your loan. It's included in the APR calculation, which is why the APR is higher than the interest rate. Showing it separately means you can see exactly what makes up the full cost of borrowing.
Interest rate
The interest rate is the annual percentage charged on the amount you borrow. It's fixed for the full term of your loan, so it won't change. The interest rate is lower than the APR because it only covers the interest and doesn't include the loan fee.
How are loan repayments calculated?
Each month, interest is charged on the balance you still owe. In the early months of a loan, a larger share of each payment goes towards interest. As the balance falls, the interest portion shrinks and more of each payment reduces what you originally borrowed.
This is why the total repayable is always higher than the loan amount itself. It's also why the term can change the overall cost. A shorter term means the balance falls faster, so you pay less interest in total. A longer term reduces your monthly payment but increases the total you repay. The calculator shows you both figures so you can find the right balance for your budget.
"It's worth using a loan calculator before you apply to get a sense of what works for you. Adjusting the loan amount and repayment terms before you apply can help give you a clearer picture of how much you’re actually paying back each month and in total."
Managing Director, Commercial Strategy - 8 years working at Zable
Why choose a Zable personal loan?
Money in under an hour
Most customers get their money in under an hour after approval. Spend less time waiting and filling out forms and get access to a loan with less hassle.
Borrow up to £25,000
You could borrow from £1,000 up to £25,000, over 1 to 5 years - with a fixed monthly repayment for the full term. Find a loan that best suits your financial needs.
Competitive rates
We offer competitive personal loan rates with APRs starting from 8.2% for qualified applicants. We check beyond your credit history to offer more personalised rates.
How to get a personal loan with Zable in 3 steps
Applying for a loan with Zable is easy:
Quick eligibility check
See your personalised rate in minutes without affecting your credit score.
Choose your loan
Select a loan amount from £1,000 to £25,000 and repayment term from 1 to 5 years that fits your needs.
Receive your funds
When you’re finished with your application, money is then sent directly to your bank account, usually within the hour.
