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See for yourself just how affordable our loans are. Home > Help > Loan Calculator

Handy personal loan calculator

Using our personal loan calculator

Thinking about applying for a personal loan? Why not try out our bespoke personal loan calculator first. This calculator enables our customers to select a total loan amount and repayment period, which is then converted into a typical monthly repayment period with a typical rate of interest applied. This allows loan applicants to evaluate their current financial situation and get an idea of the value of loan they can afford, before they submit an application.

Not only that, it’s also simple to use! All you have to do is pick the total amount that you wish to borrow from the drop-down menu – whether that’s a £1,000 loan, a £3,000 loan or a £10,000 loan. The maximum personal loan amount that you can borrow from Progressive Money is £15,000. You will then also need to select a repayment period that suits you. Our minimum repayment period is 18 months, with the maximum being over 120 months.

The calculator will automatically factor in the typical APR interest rate and generate the total amount you are due to repay, as well as your forecasted monthly repayments. 

Whichever personal loan amount you’re looking to borrow, it’s important to be aware that this calculator provides our customers with an estimate based on an average customer’s financial situation and credit rating. The figures may, therefore, be subject to change in lieu of your own individual situation once we have evaluated all necessary factors.

To receive an exact quote for the terms and conditions for an unsecured loan, you can apply online or give one of our expert loan advisors a quick call today on 0800 138 7181 to talk through your credit needs.

* Progressive Money is a responsible lending partner, therefore loans applied for through Progressive Money are subject to affordability checks and further criteria being met by the applicant. T & Cs apply.

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