£15,000 personal loan payment
A £15,000 personal loan at the average 8.9% APR in the United Kingdom costs about £476 a month over 36 months, with roughly £2,147 in total interest. A shorter term raises the payment but cuts interest — compare the options below.
How it breaks down
| 24-month term | £685/mo · £1,430 interest |
|---|---|
| 36-month term | £476/mo · £2,147 interest |
| 48-month term | £373/mo · £2,883 interest |
| 60-month term | £311/mo · £3,639 interest |
Monthly payment
£476.30
How this estimate is calculated
We amortize a £15,000 loan at the 8.9% average UK personal-loan rate (Bank of England — effective interest rates) across each term using the standard level-payment formula. Your actual rate depends on your credit, income and lender, so treat these as starting estimates.
See our full methodology for assumptions, limits and the 2026 data used.
Sources
- Bank of England — effective interest rates (as of 2026-02-28)
- Written by
- Colson — Founder & consumer-finance researcher, ColsonSuperApps LLC
- Verified
- Every figure checked against its cited primary source
- Last updated
- June 14, 2026
- Standards
- Editorial policy
These results are educational estimates based on the figures you enter and standard financial math, not financial advice or an offer of credit. Your actual rate, payment and terms depend on your credit, lender and other factors. Verify any number with the lender before you act.
Frequently asked questions
What is the monthly payment on a £15,000 personal loan?
At the average 8.9% APR, a £15,000 loan runs about £685 a month over 24 months or £311 over 60 months. Your rate depends on your credit.
How much interest will a £15,000 loan cost?
Over 36 months at 8.9% you'd pay about £2,147 in interest. A shorter term or a lower rate reduces that; check your real rate before deciding.