Cost
This is the amount you wish to borrow.
Balloon
This is the last loan repayment or balloon payment. If you are purchasing a car, for example, you may wish to set the balloon payment to equal your estimate of the residual value of the car at the end of the loan period.
Interest p.a. (%)
This is the annual interest rate.
Term (years)
This is the total duration of the loan, in years.
Payment interval
This is the frequency of the loan repayments.
Repayments
These are the periodical loan repayments.
APR (%)
This is the "annual percentage rate" charge which all UK loan providers must disclose. This amount gives you a comparable interest rate whichever lender you select.
Total interest
This is the total amount of interest paid on the loan.