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EXPIRED 29th Aug 2019

PPI Claims Calculator


how much PPI compensation ARE YOU owed ?

Millions are still owed money from mis-sold PPI and are entitled to make a claim. One of the most popular questions we get asked is, “How much could I be owed?” Without having the exact details of your borrowings, the payment dates and the interest rate, it’s difficult to put an accurate figure on it. Please try our calculator below to get an  indication of what you may be entitled to receive if you were mis-sold PPI.

Please note that any figure produced by the calculator, using the information you provide, is only intended as a guide to show you what you could be owed if your PPI is found to have been mis-sold. If owed, your actual refund amount may vary, depending on variants which may be involved in a claim.


Loan PPI Calculation

Credit Card PPI Calculation

Mortgage PPI Calculation


How we calculate PPI redress on Loans

How we calculate PPI redress on Credit Cards

How we calculate PPI redress on Mortgages


Our calculators perform pure PS10/12 calculations. They do not deviate from the prescription or use any assumptions about how you may have behaved differently if the PPI had not been there. However, we should also say that they are not intended to be a definitive answer to the true value of your claim because sometimes, assumptions and changes from the formula can be fair and reasonable. 

PPI Calculator FAQs

How much are PPI claims worth on average?

The Financial Conduct Authority (FCA) revealed that an average pay-out for a PPI claim was £1,700. This doesn’t consider the number of PPI policies a claimant has or the value of the claim, therefore, your pay-out may be higher or lower. The only way of knowing is when you make a claim.

How is statutory interest on PPI worked out?

Statutory interest is paid on top of any PPI compensation that is due to a customer. The current rate of statutory interest is 8%. This interest is calculated from the start of the mis-sold PPI policy up to the point of the claim. The purpose of statutory interest is to compensate the customer for the time they were deprived of the money.

Was I mis-sold PPI?

If you’ve ever had a credit card, loan, finance agreement or mortgage, it is possible you may have been mis-sold PPI.

The PPI was there to cover your monthly payments on finance agreements if you couldn’t work due to illness or unemployment.

People were sold policies when they didn’t qualify for the cover, if they had existing medical conditions or were self-employed for example leading to many claims being rejected.

How much PPI can I reclaim on a £5,000 loan?

Use our PPI calculator to work out how much you may be entitled to.

A PPI refund calculation example based on a £5,000 loan, at 7.9% over 5 years (60 months).

20% of £5,000 is PPI = £1,000

Interest payable on the PPI amount: £1,000 x 7.9% x 5 years = £395.

On top of the £395 interest payment, statutory compensation at 8% is payable: £395 x 8% = £31.60

The total amount payable will be £1,000 + £395 + £31.60 = £1,426.60

Plevin PPI Claims

A new ruling, called ‘Plevin’, came into effect on 29 August 2017 and deals with high levels of PPI commission charged. In this instance commission is a reward paid to a bank or other provider by an insurer for the sale of PPI. If you had PPI, the money for this commission would come out of the payments you made for the policy. This means you can make a fresh claim under new Plevin ruling even if your initial claim was rejected.

plevin ppi claims

Expat PPI Claims

Did you have a loan, credit card or mortgage in the UK between 1988 and 2014? As a British Expat or Non-UK National who has lived in the UK for a long period, it is likely that finances were arranged while you were a resident in Britain. This may include loans, mortgages or credit cards and, even though you are no longer living in the country you can still claim mis-sold PPI. You could be eligible to claim for mis-sold PPI!

expat ppi claims

Armed Forces PPI Claims

Armed forces personnel have cover for sickness, accident & unemployment built into their salaries. This protection means that if a member of the armed forces was unable to work due to one of these reasons, they would still be able to meet any mortgage, loan or credit card repayments they had. So any PPI insurance policies would NOT have been appropriate.

armed forces ppi

PPI Deadline



The PPI deadline has now passed and we are no longer accepting any new PPI claims.

Please be assured, if you have already enquired about a PPI Claim with Money Management Team Limited we are processing your enquiry and will update you as your claim progresses. If you need an update in the meantime, please contact us.

You can pursue your own claim direct to the firm to obtain a refund. You can do this for yourself at no cost and then use the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) which are both FREE.

£Millions Remain Unclaimed!

Important Information

Please Note: Your PPI Claim starts with a Free PPI Check service. Our PPI Claim fee of 20% + VAT (so 24% of the total redress offered by your lender) is payable if your claim is successful. That means if we don’t recover you anything, you don’t pay us a penny.

You can submit a claim directly to the lender yourself for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free to review your case, providing it falls within their remit and you have approached your lender first.


PPIClaims.com is a trading style of Money Management Team Ltd. Money Management Team is a member of the Professional Financial Claims Association (PFCA).
We comply with the PFCA Code of Practice


Deceased Persons

If a PPI policyholder is deceased, any money owed to them becomes part of their estate, so whoever inherits the estate is entitled to make a PPI reclaim. This can be done by an executor or the person appointed to carry out their wishes after death. We automatically assume that reclaiming mis-sold Payment Protection Insurance (PPI) for deceased parents and grandparents may not be possible due to the passage of time.

However, the truth of the matter is it is quite straight forward to make a successful claim for mis-sold PPI for someone who is deceased.

The PPI deadline (29th August 2019) set by the FCA has now passed and we are no longer accepting any new PPI claims.

Public Sector Workers PPI Claim

Public Sector PPI

For many public sector workers, the Payment Protection Insurance (PPI) they were sold was useless. However, for some of these workers it would not have been useless, depending on the policy type and cover it provided them with.

If you had PPI and it provided you with extra cover that hadn’t been included in your employment contract, then it may have been useful for you.

The PPI deadline (29th August 2019) set by the FCA has now passed and we are no longer accepting any new PPI claims.