Personal Loan Calculators – Calculate your repayments

Rates and Fees verified correct on May 31st, 2016

Find out how much your repayments will be.

It's not possible to plan for every expense that's going to come your way, which is why some people choose to take out personal loans. Before you consider taking out a personal loan it's important to know if you will be able to afford the repayments, and to work this out you can use a personal loan calculator.

Personal loan repayment calculator

The personal loan repayment calculator can help you see what your monthly repayments will be, and how much interest you will pay over the life of the loan. To use this calculator you simply input your loan amount, loan term, the interest rate and your repayment frequency. After inputting all of the amounts you can scroll over different points of the graph to see the progression of your loan in different points in time.

What each field means

  • Loan amount is the amount you intend to borrow
  • Loan terms refer to the amount of time you intend to borrow the loan for
  • Upfront fees These refer to any fees you are charged when you open the loan, for example establishment fees or application fees
  • Ongoing fees are the fees that are charged throughout the life of your loan. These include account-keeping fees, service fees, annual fees, etc
  • Introductory rate (p.a.) is a rate that may be offered by a lender for the initial period of a loan
  • Introductory term (months) refers to the length of time the introductory rate applies for and is calculated on a monthly basis
  • Ongoing rate is the rate which the introductory rate reverts to after the introductory term is over.

Calculate your personal borrowing power

If you're looking to get a personal loan, it's important to have as much information prepared before you start comparing and applying. If the figures above help you, find out how much you can borrow by entering your details.

Use the widget to calculate your personal loan repayments

At the top of the table below you will see an automatic repayment calculator. Input your loan requirements and let our widget show you the estimated figures.

Rates last updated May 31st, 2016
Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment
Latitude Personal Loan (Secured)
Can be used for whatever purpose: renovating, buying a car, booking a holiday. Funds can be in your account in as little as 24 hours.
From 12.99% (fixed) 14.2% $3,000 2 to 7 years $250 (Loans under $4000 - $140) Go to site More
NAB Personal Loan Unsecured Variable Rate
A low interest rate loan with redraw facility to access money you've paid in advance.
From 13.69% (variable) 14.56% $5,000 1 to 7 years $150 Go to site More
ANZ Variable Rate Personal Loan
Access a variable rate loan with redraw feature from ANZ
From 14.69% (variable) 15.55% $5,000 1 to 7 years $150 Go to site More
CUA Variable Rate Personal Loan
Enjoy a competitive interest rate, flexible repayment options and no monthly fees.
From 12.99% (variable) 13.84% $1,000 1 to 7 years $120 Go to site More
NAB Personal Loan Unsecured Fixed
An unsecured loan available for a wide range of purposes for a long period of time up to 7 years.
From 14.19% (fixed) 15.06% $5,000 1 to 7 years $150 Go to site More
ANZ Fixed Rate Personal Loan
A flexible loan option allowing you to take out a loan to pay off your debt, buy a car, fix up your house, or travel - paying for your next holiday.
From 13.95% (fixed) 14.81% $5,000 1 to 7 years $150 Go to site More
Westpac Flexi Loan
Pay off your loan faster with a low interest rate and a low ongoing fee.
From 14.69% (variable) $4,000 1 to 5 years $150 Go to site More
RACV Car Loans
Enjoy this fixed rate new car loan offer from RACV. No ongoing fees.
From 6.5% (fixed) 7.02% $15,000 1 to 7 years $360 Go to site More
ANZ Online Secured Car Loan
A secured car loan with a fixed rate interest.
From 7.85% (fixed) 8.7% $7,500 1 to 7 years $350 Go to site More

Want to know which loan is more competitive?

To use the personal loan comparison calculator you simply fill in the relevant fields for two different personal loans to see how much you could save

Why do I even need to use a personal loan calculator?

A personal loan calculator gives you the means to find out just what to expect in terms of how much you can borrow and what your repayments look over time. It does this while taking into account aspects like interest rates and loan terms. Here’s how a personal loan calculator can help you in different situations:

  • When you're upgrading your car. If you’ve been meaning to get a new car, use a personal loan calculator to see if you should get a secured or unsecured loan, and how long you can take the loan out for. A car loan calculator helps illustrate important differences between loan types and can help you narrow down on your choice.
  • If you're looking to renovate. Using a personal loan calculator before taking out a loan for home renovations can help keep your expenses in check by telling you just how much you’ll have to repay over time. This can help you choose between making affordable and not-so-affordable renovations.
  • When you want to fund a holiday. Want to go on an exotic holiday but don’t know how much you can afford to borrow? Use a calculator to find out how much you can spend on your next trip, and by extending the loan term you can see how much you can lower your repayments
  • If you have current debt and want to consolidate. Making multiple repayments each month can be a bother, and you might even be paying excessive interest on some of your credit cards or personal loans. By getting a personal loan to consolidate existing debts you can save in the form of interest, and a debt consolidation personal loan calculator can tell you by just how much.
  • If you need a cash injection for your business. Certain lenders offer personal loans for businesses, and there are calculators that can help you compare crucial parameters in such instances as well. Typical business loans, for instance, offer lower interest rates when compared to personal loans for individuals, and a loan calculator highlights this difference aptly.
  • When you just need a bit extra to see you through. Do you need money to get by existing cash flow problems and aren’t sure of which type of personal loan to take up? By using a personal loan calculator, you can compare different types of options, like secured loans, unsecured loans and payday loans. You can then make a decision that best suits your personal needs.

Case study: Hilary's Holden


Hilary is looking to buy a car, and Hilary wants a Holden. She's been shopping around and has found a new Holden Commodore for $15,000. Trouble is, Hilary only has $5,000 saved. She plans to take out a $10,000 personal loan and wants to know how much it will cost her in interest. She has worked out her budget and can afford $400 in monthly repayments. She also wants to compare the two different personal loans she is looking at to see which one is better value. Here is what she found:

repayment calculator

She found a personal loan with an interest rate of 7.90% p.a. and found out she could repay her loan in three years if she made monthly repayments of $313. She was happy with this until she saw she would be paying $1,264 in interest over the life of the loan, so she adjusted the calculator to see what she could save.

Using the calcualtor step 2

By making repayments that were only $52 over her monthly budget ($13 a week) she could save herself $420 in interest and repay her loan a whole year earlier. Hilar is happy with this, but she is a savvy shopper and wants to see if another loan could save her even more money.

Personal Loan Comparison

She finds two loans with low interest rates and minimal fees. Using the loan comparison calculator she finds out that even though the second loan has a lower interest rate she will actually save $123 by choosing the first loan.

Hilary is happy with the research she's done and is confident that she's made the right choice.

If you want to be as savvy as Hilary simply compare your personal loan options and then use the calculators to find the best option for you.

Do you need to calculate a short term loan repayment schedule?

What other calculators do offer?

Payday loan calculator

A payday loan gives you the means to get by a temporary financial setback, offering you a small short term loan. A typical payday loan, as the name suggests, requires that you repay it in accordance to your payday. The payday loan calculator will set out your repayments and the total cost of your loan.

  • Amount. Enter how much you wish to borrow — remember that typical payday loans won’t let you borrow too much, so it can help to check how much you're eligible for.
  • Loan term. The loan term of a payday loan can vary between 16 days and one year.

How much will your payday loan cost you?

Car loan calculator

Irrespective of whether you wish to purchase a new or used car, using a car loan calculator allows you to compare different car loans and also find out what your repayments will look like.

  • Comparison rate calculator. This calculator allows you to calculate the comparison rate of any loan, and so requires you to enter the loan amount, loan term, interest rate, and fees.
  • Repayment calculator. Enter loan amount, loan term, interest rate, and repayment frequency to and find out how much you’ll have to repay.

What will you need to repay on your car loan?

Chattel mortgage calculator

A chattel mortgage is when you borrow money to buy a vehicle, and while you take the vehicle’s ownership upon purchase, the lender uses the vehicle as security until you repay the loan in full. Use a chattel mortgage calculator to establish your monthly payments and the total interest you'll pay. You’ll have to provide the following details:

  • Purchase price. This is the price you’ll have to pay to buy the car.
  • Balloon. This is an option that's available with chattel mortgages. It's an amount you pay at the end of the loan term, usually a few thousand dollars, that you don't need to pay interest on.
  • Leasing term. How long do you want the lease to continue for?
  • Interest rate. This is the interest rate that the loan attracts.
  • Payments made. Choose between making payments in advance and in arrears.

Will a chattel mortgage be worth it?

Novated lease calculator

A novated lease is where an employer makes repayments towards a loan and then deducts it from the employee’s salary. A novated lease calculator, as a result, gives you a clear indication of how much your employer will deduct from your pay on an ongoing basis. Here’s what the calculator requires:

  • Purchase price. How much did the car cost?
  • Residual. This refers to the lump sum payment made after making all regular repayments.
  • Leasing term. This refers to the lease term.
  • Interest rate. What interest rate does the lease attract?
  • Payments made. Is your employer making payments in arrears or in advance?

How much will you pay on your novated lease?

Caravan loan calculator

While a caravan gives you great freedom when it comes to travelling, buying one requires a fair amount of money, and possibly a large upfront payment. Use a caravan loan calculator to compare different loans and determine the loan costs by providing the following:

  • Loan term. While longer loan terms might offer lower repayments, you’ll probably end up paying more in the form of interest.
  • Loan amount. How much of the purchase price do you wish to borrow?
  • Interest rate. This is the interest that the loan attracts.
  • Repayment frequency. Will you be making weekly, fortnightly, or monthly repayments? Check what the lender allows.
  • Repayment type. During the initial period do you want to make interest-only repayments or principal and interest repayments?

What's the cost of your caravan loan?

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Related Posts

This page was last modified on 31 May 2016 at 12:48.

HSBC Personal Loan
HSBC Personal Loan

A competitive fixed interest rate loan with the option to make extra repayments. Min. income $30,000

NAB Personal Loan Unsecured Variable Rate
NAB Personal Loan Unsecured Variable Rate

A low interest rate loan with redraw facility to access money you've paid in advance.

Latitude Personal Loan (Secured)
Latitude Personal Loan (Secured)

Can be used for whatever purpose: renovating, buying a car, booking a holiday. Funds can be in your account in as little as 24 hours.

CUA Variable Rate Personal Loan
CUA Variable Rate Personal Loan

Enjoy a competitive interest rate, flexible repayment options and no monthly fees.

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24 Responses to Personal Loan Calculators – Calculate your repayments

  1. Default Gravatar
    Sunny | August 25, 2015

    Hlo I got 457 temporary skilled working visa ( 4 yrs visa) recently 2 weeks ago .I need loan for 25000 dollar and I have contract letter from my employee I have 54000 dollar annually salary can I get loan .which document required…

    • Staff
      Elizabeth | August 26, 2015

      Hi Sunny,

      Thanks for your question.

      You can compare personal loans available for temporary residents on this page. You’re able to review the eligibility criteria by clicking through to the review page, and once you’re ready to apply click ‘Go to Site’.

      I hope this has helped.



  2. Default Gravatar
    Gregory | August 13, 2015

    I wish to bye a business for $60000, do about 10000 in upgrades and add about $10000 Which will take the turn over each year from $10000
    to $150000 Being a push bike mechanic and it being 2 km from the Yah rail trail I expect more business even I think to A figure of $20000 The second figure should only burn about $20000 where as the first $70000. I’m a pensioner but don’t think I will be for long.I also have $130000 worth of land. I feel I should get a personal loan as there is heaps of security, the business pulls in a good wage each week with out my extras.

    • Staff
      Elizabeth | August 14, 2015

      Hi Gregory,

      Thanks for your comment.

      As I mentioned in my previous response, as a financial comparison service we don’t offer any loans ourselves. You can take a look at our business loans guide on this page to find out the application process and whether you are eligible. You might want to have a chat to a lender or accountant who might be able to offer you personal advice, something that is outside of our scope of services.

      I hope this information will be of use.



  3. Default Gravatar
    mike | June 17, 2015

    if i take a loan out for 7 years for 7000 how much a month would that be

    • Staff
      Elizabeth | June 17, 2015

      Hi Mike,

      This depends on the interest rate of the loan and whether there are any fees – you can use the personal loan calculator on the page above to work out your monthly repayments.



  4. Default Gravatar
    Ehsan | April 9, 2015

    Which banks accept scholarship stipend as an income eligible for personal loans?
    Thank you

    • Staff
      Elizabeth | April 13, 2015

      Hi Ehsan,

      Thanks for your question.

      I’m unaware of any banks that specifically specify they will accept this as a form of income as it is really only intended to help fund your studies and immediate living expenses. When considering you for a loan, banks look at your financial situation (including how much you earn) and your ability to repay. You might want to take a look at this page to learn more about personal loans for students, and you can also consider talking to a few of the major banks and also your current bank about possibilities for a loan.

      I hope this will help.



  5. Default Gravatar
    katrina | February 13, 2015

    hello i need help i want a debt consolidation loan but i have defaults can someone help me please

    • Staff
      Shirley | February 16, 2015

      Hi Katrina,

      Thanks for your question.

      Our debt consolidation guide can help provide more information about your options. If you currently have bad credit, you may also want to have a look at our bad credit loans page.


  6. Default Gravatar
    Elena | December 30, 2014

    Hi, I need $6000 loan for a period of a two years. For how long I have to be employed to be eligible for this loan? There is a matter of what kind of employment is? Permanent, part time or casual?
    Thank you!

    • Staff
      Shirley | December 30, 2014

      Hi Elena,

      Thanks for your question.

      Please note that we are not a product issuer or a credit provider. You can compare a range of personal loans on this page. In most cases full time employment is favourable when applying for a personal loan.

      If you would like to apply or find out more information about one the products we display, please click on ‘go to site’ to be taken to the lender’s website.


  7. Default Gravatar
    Greg | December 22, 2014

    we are looking at taking out a personal loan of $25 000 – can this be paid back monthly over two years and does the interest rate fluctuate during those two years and last question – can we draw down from the $25k during the 2 years or do we pay interest on the full $25k when the loan gets approved. Many thanks

    • Staff
      Shirley | December 22, 2014

      Hi Greg,

      Thanks for your question.

      In most cases you can organise for your personal loan to have a loan term of two years with monthly repayments. The interest rate can fluctuate if you opt for a variable loan.

      You can choose to draw down the amount or have the lump sum paid to you directly. Most lenders tend to offer the lump sum option.


  8. Default Gravatar
    shiz | November 8, 2014

    Just i wanted to know about personal loan, can i cash out amount?
    thank you

    • Staff
      Elizabeth | November 10, 2014

      Hi Shiz,

      Thanks for your question.

      This depends on the bank/lender you apply for the personal loan with. You should check if there are any restrictions placed on the loan that would stop you from doing this – it may be worth calling the lender providing the loan you’re looking at and confirm with them directly.

      I hope this has helped.



  9. Default Gravatar
    jacquie | August 29, 2014

    what documents do i need to supply for a personal loan of $25000

    • Staff
      Shirley | September 1, 2014

      Hi Jacquie,

      Thanks for your question.

      Usually you need to supply personal details, and information about your assets and liabilities. This includes credit card statements, tax returns, your driver’s license, etc.

      If you’re self employed, normally you would need to supply the details of your accountant.

      All the best,

  10. Default Gravatar
    kristy | August 15, 2014

    Hi I was wondering if u do personal of $4-5000 for single parent pensioners

    • Staff
      Shirley | August 18, 2014

      Hi Kristy,

      Thanks for your question.

      Just to clarify, is online comparison service, we don’t actually issue or handle any loans ourselves.

      Please see this page for a list of lenders that may be able to help your situation.

      All the best,

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