Virtually Stored
Can I Afford a Loan?
Put in the loan, the APR and your monthly money, and see the repayment, the total cost and what you'd have left each month, before you borrow.
Works in Google Sheets & Excel
£5
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Instant digital download, sold through Payhip.
About this checker
A simple spreadsheet that helps you see whether a loan fits your monthly budget. Type in your take-home income and your usual UK outgoings, including council tax, and it gives you a clear, colour-coded verdict: Affordable, Tight or Not affordable. Made in Jersey.
What's included
- Monthly repaymentWorked out from the loan amount, APR and term, in months or years. 0% APR is handled too.
- Total costSee the total repaid and the total interest, so you know what borrowing really costs.
- Money left each monthYour income minus your outgoings and the new repayment, plus the repayment as a % of your income.
- Colour-coded verdictAffordable, Tight or Not affordable, based on simple guide thresholds you can change, including an optional safety buffer.
- UK outgoings built inRent or mortgage, council tax, bills, food, transport, other debt repayments and other costs, all in £.
- What if tableCompare 12, 24, 36, 48 and 60 month terms side by side, each with its own verdict.
- Repayment scheduleMonth by month: payment, interest, principal and the balance left.
- Google Sheets & ExcelNo macros. Use whichever you prefer.
A guide only, not financial advice. Always check the lender's APR, the total amount repayable and any fees before you borrow.