PPI Calculator

Use our PPI claims calculator to uncover just how much you could be due from your bank or lender.

Our PPI calculator is simple to use and can offer an estimation of how much you could receive from a PPI claim. Although the calculator only offers an approximation of how much you’re able to reclaim, it’s good to have an idea of the fee that could be coming your way soon.

Direct PPI has over a decade of experience when it comes to making PPI claims. We handle all communication with the bank and can even uncover if you had PPI in the first place. This means you don’t need to rummage around your house and find the paperwork.

To date, the banks have repaid over £30 billion to consumers. Yet, more money is still being set aside to repay customers. Although millions of people have already made successful claims, there is still more UK customers out there who were mis-sold PPI. Many people were unaware that they had PPI, but it hasn’t stopped them receiving a four-figure sum from their bank or lender.

Read below to find out about our PPI claims calculator and how it can estimate your payout.

How Does a PPI Calculator Work?

The PPI calculator uses a complex algorithm to predict how much your claim might be. The calculation involves adding how much you’ve paid, plus interest on the figure, plus statutory interest. In order to offer the most accurate result, the more information you have, the better.

Of course, the PPI calculator only offers an estimation. The only way to truly know how much you’re due from a PPI refund is to make a claim. Thankfully, making a claim with Direct PPI is easy. Just follow our guide on how to claim PPI.

a young man making a ppi claim

ppi claims deadline

Remember to Claim Before the PPI Deadline

Once you’ve used the PPI calculator, there is only a limited amount of time for you to make your claim. This is because the Financial Conduct Authority (FCA) has set a deadline for all PPI claims: 29th August 2019.

Some consumers, though, may well be facing an earlier claims deadline. If your bank has previously sent you a letter about a PPI refund but you did not respond, this might mean you have less time to make a claim. From the date of this letter, you only have three years to claim. Contact us as soon as possible in case this applies to you.

There are so many reasons to get your claim up and running today, from steering clear of deadlines to avoiding the late rush of nationwide claims, so we encourage everyone to start as soon as possible. Even if you can no longer find your paperwork, a claim is still possible with Direct PPI, as we work hard on your behalf to make sure you can receive your money.