Variable Loan Calculator
Estimate loan payments as interest rates change
How this calculator works▼
Effective rate: Base rate + margin. This is the total interest rate you'll pay on your loan.
Payments: Calculated using the standard amortisation formula, assuming equal payments over the loan term.
Historical data: Base rate information is sourced from the Bank of England and updated monthly.
Enter valid loan details to see rate impact
Bank of England Base Rate
Track how the UK base rate has changed over time.
Current BoE Rate:4.00%
Last changed: 7 Aug 2025
Source: Bank of England
| Date | Base Rate (%) |
|---|---|
| 7 Aug 2025 | 4.00% |
| 8 May 2025 | 4.25% |
| 6 Feb 2025 | 4.50% |
| 7 Nov 2024 | 4.75% |
| 1 Aug 2024 | 5.00% |