Halifax loan calculator

What is Halifax?

A division of the Bank of Scotland (which is itself part of the Lloyds Banking Group), Halifax offers personal loans to new and existing customers. There’s also the option for Halifax current account holders to borrow more. When you apply online, Halifax states that you could get a decision within minutes.

Calculate the cost of a Halifax loan

1 - 2 of 2

How much do you need to borrow?
£

15000

How long do you need to borrow for?

3

years

Sort by:

Product	Finder Score	Total Payable	Monthly Repayment	Representative APR
Halifax Personal Loan	Finder score 6.8Standard				Representative example: Borrow £10,000.00 over 3 years at a rate of 6.7% p.a. (fixed). Representative APR 6.7% and total payable £11,034.00 in monthly repayments of £306.50.	View details Compare	loading Fetching your data...
Halifax Existing Customer Personal Loan	Finder score 7.4Great				Representative example: Borrow £10,000.00 over 3 years at a rate of 6.7% p.a. (fixed). Representative APR 6.7% and total payable £11,034.00 in monthly repayments of £306.50.	View details Compare	loading Fetching your data...

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• How our calculator works

  Our Halifax loan calculator lets you pick how much you want to borrow over a timeframe that suits you, to estimate how much you would pay back each month and overall. We base our calculations on Halifax’s representative APR, but it’s important to note that credit is subject to status, and your circumstances may affect the rate you’re offered.

  With Halifax loans you can request up to two repayment holidays a year. This can be handy, but it pushes up the overall cost of borrowing. We’ve based the calculations below on the assumption that you won’t use the repayment holidays.

How do Halifax loans compare against the competition?

1 - 5 of 20

How much do you need to borrow?
£

15000

How long do you need to borrow for?

3

years

Sort by:

Product	Finder Score	Total Payable	Monthly Repayment	Representative APR
Novuna Personal Loan	Finder score 6.4Standard				Representative example: Borrow £10,000.00 over 3 years at a rate of 6.5% p.a. (fixed). Representative APR 6.5% and total payable £11,003.04 in monthly repayments of £305.64.	Check eligibilityView details Compare	loading Fetching your data...
My Community Bank Personal Loan	Finder score 6.6Standard				Representative example: Borrow £5,000 over 48 months at a rate of 24.2% pa (fixed). Representative APR 27.1% and total payable £7,853.87 in monthly repayments of £163.62.	Check eligibilityView details Compare	loading Fetching your data...
Barclays Existing Current Account Loan	Finder score 5.9Standard				Representative example: Borrow £10,000.00 over 3 years at a rate of 7.0% p.a. (fixed). Representative APR 7.0% and total payable £11,080.08 in monthly repayments of £307.78.	View details Compare	loading Fetching your data...
Halifax Personal Loan	Finder score 6.8Standard				Representative example: Borrow £10,000.00 over 3 years at a rate of 6.7% p.a. (fixed). Representative APR 6.7% and total payable £11,034.00 in monthly repayments of £306.50.	View details Compare	loading Fetching your data...
Halifax Existing Customer Personal Loan	Finder score 7.4Great				Representative example: Borrow £10,000.00 over 3 years at a rate of 6.7% p.a. (fixed). Representative APR 6.7% and total payable £11,034.00 in monthly repayments of £306.50.	View details Compare	loading Fetching your data...

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CompareClear

Finder Score for unsecured loans

To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.

Written by

Chris Lilly

Head of publishing

Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

Chris's expertise

Chris has written 567 Finder guides across topics including:

• Loans & credit cards
• Building credit
• Financial health
• Share trading