Secured Loan Calculator

Use the secured loan calculator below to get an idea of how much your loan may cost and what the monthly repayments may be. If you wish to find out more then apply below for a personal quote. Our advisors will be able to provide you with a personal illustration without obligation.

This calculator will give you an idea of costs. The exact amount and APR payable will be provided from the lender subject to credit and affordability checks.

Your monthly payment will be:

£136.90

Interest on this loan will be:

£714

Annual Percentage Rate (APR):

3.7%

Total repaid will be:

£8,214

The interest charges and how much you can borrow will depend on your personal circumstances.

Solutions for all credit types including bad credit applicants.

How much can I borrow on a secured loan?

How much you can borrow will depend on a number of factors such as how much equity you have in your property and affordability. The lender will need to see that you can afford the loan repayments and that there is adequate equity in your property to secure the loan. Secured loans are available up to 100% loan to value for some applicants. When you make an enquiry here on the website the broker will assess your requirements and will be able to calculate the loan repayments to give you an accurate quote.


Can you calculate my repayments?

Yes. Using the calculator above will give you an idea of the monthly repayment costs and the interest payable based upon an estimated APR figure. An advisor when you apply will provide you with a written quote which will explain the exact payment amounts, repayment years, interest costs and any fees to pay. Secured loans can be repaid over longer periods of times and up to 30 years with some lenders.


Do you have a debt consolidation calculator?

If you require a debt consolidation loan then an advisor here at Feasible will help you calculate what existing debts need consolidating and how much you need to borrow. Consolidation loans are available on both a secured and unsecured basis and we will be happy to advise you on your options.


What interest rate will I be charged?

This will depend on your personal circumstances, the loan to value and your credit score. When you apply for a quote here at Feasible the broker will provide you with details and calculate the interest rates, charges and fees.


Can you use this calculator to tell me what fees I will pay?

No, you can not use this secured loan calculator to display the fees. The personal quote you receive will detail the broker and lender fees involved in taking out the loan. Most brokers charge a fee in the range of 8-15% of the total loan amount depending on how complex the loan application is. Fees can be added to the total loan amount and repaid over the term of the loan.


What is the maximum loan term?

Max long term is between 25 and 30 years depending on the lender.


How much interest will I be charged?

You can use the loan calculator above to quickly calculate repayments and the total interest charges over the period of the loan based upon an estimated APR figure. The actual APR rate for your loan will depend on a number of factors such as the lender, your credit score and loan to value.