How do loan overpayments work?

Overpayments reduce your loan balance more quickly, which lowers the total interest you pay and can shorten the repayment term.

Can I model both one-off and regular overpayments?

Yes. You can add a one-time overpayment or schedule recurring monthly overpayments from a specific month onwards to see the effects.

Most fixed-rate personal loans allow overpayments, though some may charge fees. Check your loan terms or lender's policy first.

CALCULATOR FEEDBACK

Loan inputs

START DATE:

TERM IN YEARS:

ANNUAL PERCENTAGE RATE (APR):

One-off contributions

Regular contributions

Advanced options

NUMBER OF PAYMENTS ALREADY MADE:

LOAN FEES:

COMPOUNDING FREQUENCY:

NOMINAL RATE:

Overpayment benefit