Free Tool
Secured Loan
Calculator
Estimate your monthly repayments on a secured homeowner loan. Adjust the loan amount, term, and interest rate to see what you could pay — then compare live rates from UK lenders.
Calculate your repayments
Adjust the sliders to estimate your monthly secured loan payment. Results update instantly.
Not sure what rate you qualify for? Compare live rates from UK lenders based on your circumstances.
Your estimated repayments
Monthly payment
£371.96
per month for 10 years
Total repayable
£44,635
Total interest
£14,635
This is an estimate only. Your actual rate and payments will depend on your credit profile, property value, and lender criteria. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS.
Monthly payment at different rates
Based on £30,000 over 10 years
| Rate | Monthly | Total repayable | Total interest |
|---|---|---|---|
| 6% | £333.06 | £39,967 | £9,967 |
| 8% | £363.98 | £43,678 | £13,678 |
| 10% | £396.45 | £47,574 | £17,574 |
| 12% | £430.41 | £51,650 | £21,650 |
| 15% | £484.00 | £58,081 | £28,081 |
How to use the calculator
Three simple steps to estimate your secured loan payments.
Enter your loan details
Set the amount you want to borrow (£5,000–£500,000) and the repayment term (1–30 years).
Adjust the interest rate
Try different rates to see the impact on monthly payments. Use our rate comparison to find the rate you qualify for.
Review your results
See your estimated monthly payment, total repayable, and total interest at a glance.
Understanding your results
Monthly payment
The fixed amount you pay each month. This covers both interest and a portion of the principal, so the loan is fully repaid by the end of the term.
Total repayable
The total amount you will pay over the full loan term — your original loan amount plus all interest charges.
Total interest
The total cost of borrowing — the difference between what you borrow and what you repay. A shorter term or lower rate reduces this significantly.
Interest rate
The annual percentage rate charged by the lender. Secured loan rates are typically lower than unsecured loans because your property acts as security.
Loan term
How long you have to repay the loan. Longer terms mean lower monthly payments but more total interest paid over the life of the loan.
Loan-to-value (LTV)
The ratio of your total borrowing to your property value. Lower LTV generally means access to better interest rates from lenders.
What affects your rate?
The interest rate you are offered depends on several factors. Understanding these can help you get the best possible deal on your secured loan.
5–15%
Credit profile
Clean credit gets the lowest rates
< 70%
Loan-to-value
Lower LTV = better rates
£5k–£500k
Loan amount
Very small loans may have higher rates
1–30 yrs
Loan term
Term doesn't affect rate much
Common questions
How is a secured loan monthly payment calculated?
Secured loan repayments use standard amortisation. Each monthly payment covers both interest and a portion of the principal. The formula ensures the loan is fully repaid by the end of the term. Early in the loan, more of your payment goes towards interest; later, more goes towards principal.
What interest rate will I get on a secured loan?
Rates typically range from 5% to 15% depending on your credit profile, LTV, and lender. Clean credit with low LTV can expect 6–8%. Minor credit issues may see 8–12%. Adverse credit applicants may pay 10–15%. Use the rate slider above to see how different rates affect your payments.
How much can I borrow with a secured loan?
Most UK lenders offer £5,000 to £500,000. The maximum depends on your property value, existing mortgage, income, and credit history. Lenders typically cap combined LTV at 80–85% of your property value.
Does using this calculator affect my credit score?
No. This is a free estimation tool — no credit check is performed. A credit search only happens if you formally apply with a lender through our comparison tool.
What is LTV and why does it matter?
Loan-to-value (LTV) is the percentage of your property covered by all loans (mortgage + secured loan). Lower LTV = less risk for the lender = better rates. Best rates are typically available below 60–70% LTV.
Can I pay off a secured loan early?
Most secured loans allow early repayment, but early repayment charges (ERCs) may apply during any fixed-rate period. Variable rate products typically have no ERCs. Check the specific terms of any product before committing.
Ready to find your actual rate?
The calculator gives you an estimate. To see real rates from UK lenders based on your circumstances, use our free comparison tool. No credit check. No obligation.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED ON IT.