Can I Afford a Loan? Checker

Thinking about a loan? Check it's affordable before you borrow.

Put in the loan amount, APR and term, plus your monthly take-home pay and outgoings, and the checker shows your monthly repayment, the total cost, how much interest you'd pay and what you'd have left each month. You get a clear green, amber or red verdict.

What's included:

• Quick answer panel with repayment, money left over and verdict

• Full results: total repaid, total interest, repayment as a % of income

• 'What if' table comparing 12 to 60 month terms

• Month-by-month repayment schedule

• Adjustable safety buffer and affordability thresholds

• UK wording and £ throughout, including council tax

• Works in Excel and Google Sheets (File > Import or upload to Google Drive)

Instant digital download (.xlsx). A guide only, not financial advice. Always check the lender's APR, total amount repayable and any fees.