Finance

Finance Calculator

How to work out your monthly payment and total charge for credit.

Typical example based on £1000.00

Deposit £100.00

Amount of credit £900.00 x 0.09167 = £82.50 monthly repayment

This is based on a 12 month low rate Part subsidised loan

To calculate the monthly repayment multiply the amount of credit by the factor in column A.

To calculate the total charge for credit multiply the amount of credit by the factor in column B.

Interest Bearing Finance 19.50% (based on borrowing £900.00)
12 Months x 0.09167 = £82.50 charge for credit £90.00
18 months x 0.06378 = £57.40 charge for credit £133.20
24 months x 0.04990 = £44.91 charge for credit £177.84
36 months x 0.03613 = £32.51 charge for credit £270.36
48 months x 0.02935 = £26.41 charge for credit £367.68
How to work out your monthly payment for 0% finance.

Typical example based on £1000.00

Deposit £100.00

Amount of credit £900.00 divide by the total amount of months of the agreement.

0% interest free finance (figures based on borrowing £900.00)
6 months = £150.00
10 months = £90.00
12 months = £75.00
18 months = £50.00