Argos Loan Calculator: A Comprehensive Guide

If you’re planning to take out a loan from Argos, you may want to use their loan calculator to see how much you’ll be paying monthly. However, you may also want to know how to use the calculator and what to expect. This guide will help you understand what the Argos Loan Calculator is, how it works, and how to use it to your advantage.

What is the Argos loan calculator?

The Argos loan calculator is a free online tool that allows you to estimate how much you’ll be paying for your loan each month. It’s a convenient way to get an idea of what your repayments will be before you apply for a loan. The calculator is available on the Argos website and can be used for personal loans of up to £20,000.

Also Read: Hitachi Loans Calculator – Calculate Your Loan Payments Easily

How does the Argos loan calc work?

The Argos loan calculator works by taking into account the amount you want to borrow, the length of the loan, and the interest rate. You can adjust these variables to see how they affect your monthly repayments. The calculator will then show you an estimated monthly repayment amount, as well as the total amount you’ll repay over the term of the loan.

How to use the Argos loan calculator?

Using the Argos loan calculator is easy. Here are the steps to follow:

  • Go to the Argos website and click on the ‘Loans’ tab.
  • Select the type of loan you’re interested in (personal loan, homeowner loan, or car loan).
  • Enter the amount you want to borrow and the length of the loan in months.
  • Adjust the interest rate if necessary.
  • Click on the ‘Calculate’ button to see the estimated monthly repayment amount and the total amount you’ll repay.

Using the calculator can help you decide whether a loan from Argos is right for you. It’s important to remember that the estimated monthly repayment amount may not be the same as the actual amount you’ll be paying. The actual amount may be higher or lower, depending on your credit score and other factors.

Tips for using the Argos loan calculator:

Here are some tips to keep in mind when using the Argos loan calculator:

  • Be realistic about how much you can afford to repay each month. Don’t borrow more than you can comfortably afford to repay.
  • Shop around and compare loan rates from different lenders before making a decision.
  • Consider getting pre-approved for a loan before using the calculator. This can give you a better idea of what you’ll be able to borrow and what your repayments will be.
  • Check your credit score before applying for a loan. Your credit score can affect the interest rate you’ll be offered.
  • Don’t be afraid to ask questions. If you’re unsure about anything, ask an Argos representative or a financial advisor for help.

FAQs about Argos Loan Calculator

What is the interest rate for Argos personal loans?
The interest rate for Argos personal loans varies depending on the amount you want to borrow and the length of the loan. You can use the loan calculator to get an estimate of the interest rate.

Can I apply for an Argos loan online?
Yes, you can apply for an Argos loan online. Simply visit the Argos website and click on the ‘Loans’ tab to get started.

How long does it take to get a decision on an Argos loan application?
It typically takes less than 24 hours to get a decision on an Argos loan application.


In conclusion, understanding how to use a loan calculator can help you make better financial decisions. By using the Argos loan calculator, you can quickly and easily calculate your monthly payments, total interest, and overall cost of a loan. This can help you compare different loan options and choose the best one for your needs and budget.

Remember to consider all factors when deciding on a loan, including interest rates, fees, and repayment terms. Make sure you can afford the monthly payments and that the loan aligns with your financial goals. By taking the time to research and understand your loan options, you can make the best decision for your financial future.

We hope this article has been helpful in explaining how to use the Argos loan calculator and providing information on loans and borrowing. If you have any further questions or need more guidance, don’t hesitate to reach out to a financial advisor or a loan provider for more information.

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