Tools
Repayment calculator
See the monthly repayment for a loan amount, rate and term, on principal and interest or interest only.
Estimate only. Not a quote, offer or advice.
Enter the loan amount, the rate from your offer and the term.
Assumptions
- The rate stays the same for the whole term.
- Repayments are monthly and fees are not included.
- Privet does not supply interest rates: use the rate in an offer you have received.
How this is calculated
- Monthly rate = annual rate ÷ 12.
- Principal and interest repayment uses the standard amortisation formula: P × r ÷ (1 − (1 + r)^−n).
- Interest-only repayment = loan × annual rate ÷ 12.
Free. No obligation. Not an application for credit.
General information only. Privet is not a lender, credit provider or mortgage broker and does not provide financial, credit, legal or tax advice.
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