PPI Loan Refund Calculations
We have included some PPI Refund Calculations for Loans below including:
- £20,000 loan
- £15,000 loan
- £10,000 loan
- £5,000 loan
- £3,000 loan
- £2,000 loan
Please remember that these calculations are based on the same variables (an interest rate of 7.9% on the loan over a period of 5 years). The only numbers that change in our calculations are the loan amounts.
With this in mind, when you are working out your own calculations for mis sold PPI on loans, please change the figures to reflect the loan amount, interest rate set by the lender and how many years has it been since you first took the loan out (this is to calculate the additional compensation of 8% statutory interest that the regulators set out for PPI mis selling).
Please use the loan calculators provided on this page or you can go to our PPI calculator page in order to see all our calculators (loan and credit card calculators).