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WebAug 22, 2024 · This will depend on the length of your loan, and the interest rate you receive. For example, a £10,000 loan that has a fixed rate of 10% p.a. over 5 years, your monthly payment will be £212.47. In comparison, with a £10k loan offering a fixed rate of 5% p.a. and a 1-year term, you’ll pay £856.07 each month. bradford council planning committee WebApr 13, 2024 · You would pay $318 in interest. However, if you need to take 7 years to pay of a $5,000 loan to ensure you don’t default, you would more likely get a 10% interest rate. However, your monthly payments would … bradford council planning