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Loan Calculator

Use our loan calculator to estimate how much you could borrow, your representative interest rates and monthly payments, with no impact on your credit score.

Calculate your loan repayments

Representative Example

Borrowing

£7,500

Over

0 months

Monthly repayment

£137.55

Total repayment

£8,253.00

Representative

3.9

% APR

(Annual Percentage Rate)

Interest rate

3.9

% p.a.

(Fixed)

Apply now

The rate you pay depends on your circumstances and loan amount and may differ from the Representative APR. We will never offer you a rate exceeding 29.9% p.a. (fixed), regardless of loan size. This means you're not guaranteed to get the rate you see in the calculator.

Need some help deciding on the loan?

What you can borrow for Close

A loan could be a good option if you want to:

Buy a car
Pay off all your existing credit cards, store cards, overdrafts and other personal loans
Add value to your home by upgrading a kitchen or building a house extension
Fund your wedding or a holiday you’ve been planning for ages
Get extra funds for any other acceptable reason

A loan could help you spread the cost of your purchase and give you a fixed payment plan to manage your repayments.

But you should know there are a few things a loan can't be used for:

Buying or putting down a deposit on a property or land
Household bills, rent or mortgage payments
Car tax
Business purposes
Payments in arrears
Tax avoidance arrangements
Court or solicitors' fees
Gambling
Buying shares or other investment funds

How much do you need? Close

There are a few things to keep in mind when choosing a loan:

The total costs of your purchase

It's a good idea to plan your expenses in advance. This will help you decide on the amount and borrow exactly what you need.

For example, if you’re thinking about home improvements project, take into account all your expenses such as materials, the cost of hiring contractors, any new furniture you might need. Costs can quickly add up and you don’t want to be in a position of taking too many loans in a short period of time. This could negatively impact your credit score.

The loan price changes based on the loan size

The APR will change based on how much you borrow. Use our loan calculator to compare the Representative APR for different loan amounts.

How long it takes to repay Close

You can choose to repay your loan over 2 to 8 years. If you want a home improvements loan, you can repay it over an extended period of up to 10 years. Use our loan calculator to compare different term times to see how it affects the total cost of the loan.
If you choose to spread your loan over a longer period, your monthly repayments will be lower. But you could be paying more interest as it takes you longer to repay the loan.

What's the interest rate? Close

APR (annual percentage rate) is a way of presenting interest you pay on what you're borrowing, added up with other charges.
Fixed interest rate means the amount you pay each month will stay the same. This can help you budget for your repayments as you’ll always know how much you have to set aside.
We will never offer you a rate exceeding 29.9% p.a. (fixed), regardless of loan size.

Find your odds of getting a loan

Now that you have an idea of the loan you want, start an application to get a quote. You will find out if you're likely to be approved and your personalised rate with no impact on your credit score. This is available if you have a Shostra Bank current account and looking for a sole loan.

Show my personalised rate