A personal loan calculator is for anyone considering borrowing, whether you are comparing lenders or checking if repayments may fit your budget. It can provide an estimate of monthly repayments and the total cost based on the amount, term and interest rate you enter. The figures are not a guaranteed offer, as the rate you receive may depend on your circumstances and credit history. Use the result alongside your regular outgoings, and compare loans from FCA-authorised providers before applying.