Loan comparison tool
Compare two loan offers side by side. See monthly payments, total interest and total cost including fees to find the better deal.
- Free, no sign-up
- No data stored
- Reviewed 2026-01-15
Your details
Results
- Offer a · Monthly payment
- £390.55
- Offer b · Monthly payment
- £621.21
Over 60 months
Over 36 months
- Offer a
- Offer b
Comparison table
| Rate | Months | Fees | Monthly payment | Total interest | Total repaid | |
|---|---|---|---|---|---|---|
| Offer a | 5.9 % | 60 | £250.00 | £390.55 | £3,182.90 | £23,432.90 |
| Offer b | 7.4 % | 36 | £0.00 | £621.21 | £2,363.42 | £22,363.42 |
Comparison note
About the Loan Comparison
Paste two loan offers side by side to see which costs less over the full term. The tool compares monthly payments, total interest and total cost including any arrangement or booking fees.
A lower rate does not always mean a cheaper loan — fees, shorter terms and different calculation methods all affect the true cost. This comparison uses the same principal for both.
How to use the Loan Comparison
- Enter the principal amount (same for both loans).
- Set rate, term and fees for Loan A.
- Set rate, term and fees for Loan B.
- Compare the monthly payments and total costs.
Frequently asked questions
What fees should I include?
Include any arrangement fee, booking fee, or annual account fee. Exclude optional insurance or payment protection — those are separate costs.
Does a longer term always cost more?
Generally yes, because you pay interest for more months. But a slightly higher rate on a shorter term can sometimes cost less overall.
Can I compare variable vs fixed?
Enter the initial rate for each. Remember that a variable rate will change, so the comparison is valid only for the fixed period.