Loan Repayment Table
For estimating approximate loan repayment figures.
This table shows the monthly gross loan repayments (of capital and interest) per £1000 borrowed – assuming interest is debited to the loan each quarter.
For example: to calculate repayments for a loan of £150,000 over 10 years at 6% = 150 x 11.087 = £1,663.05 per month.
The figures are approximate and are intended for discussion purposes only. They are not sufficiently accurate for use in quotations under the Consumer Credit Act 1974, or for use in formal documentation.
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