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How much can I afford to repay each month?

Discover the effect of paying a bit more or a bit less each month on the amount you can borrow.

So you're reasonably comfortable with the cashflow demands of your loan in your current situation. Changing your regular repayment amount can make a big difference to the amount you can borrow, how quickly you can repay the loan and consequently the accumulated interest you'll pay over that shortened term. Try this calculator to run a few scenarios changing some of the variables: monthly repayment amount, loan term and interest rates to judge their effect.

For more information on this topic, try the article links below:

• What sort of loan repayments options are there and how do they work?