Disclosed herein are a method for estimating a self-interference signal based on iterative estimation and an apparatus for the same. The method is configured to transmit two preamble signals from the transmission antenna of one terminal to the reception antenna thereof, to estimate third-order nonlinear distortion, which distorts a self-interference signal, based on a transmission signal and a reception signal for each of the two preamble signals, to update the reception signal by eliminating the third-order nonlinear distortion therefrom, to re-estimate the third-order nonlinear distortion based on the updated reception signal, and to estimate the self-interference signal based on the final third-order nonlinear distortion, which is acquired by repeatedly re-estimating the third-order nonlinear distortion as many times as a preset number of iterations.