Hi. Can anyone advise how to calculate loan repayments for a loan with a twelve month repayment holiday for the first year? Loan details; £100,000 principal 3% interest 6 year term Monthly repayments First 12 months; interest-only repayment holiday I can calculate repayments for a standard loan OK. I am just unsure of the effect of the repayment holiday. I have been told that interest will accrue over the holiday period. My thoughts; £250 interest-only repayments for the first 12 months. £3,000 accrued interest during the repayment holiday. £103,000 principal at the beginning of the final 5 year repayment period. £1,850.78 monthly repayments for the final 5 years. £114,046.80 total payments. Can anyone tell me if I am correct, or correct me if I am wrong? Thanks.