Calculate Your Repayments with the Big Four Banks

Rates and Fees verified correct on October 26th, 2016

Find out how much you'll repay on a personal loan from the Big Four – from the lenders themselves.

The Big Four Banks continue to attract more and more customers through their household names and established reputations. If you’ve been thinking about approaching one for a personal loan, it makes sense to use the calculators they offer to see exactly how much one of their loans will cost you. Can you afford to make repayments on a loan from the Big Four? You can find out by using one of their personal loan calculators. Here, you can find out about the different calculators that these leading banks offer.

Jump straight ahead to the calculator >>

Commonwealth Bank personal loan calculator

Commonwealth Bank offers three different loan calculators that can help you pick the right loan, establish how much you can borrow, and calculate repayments.

How much can I borrow calculator.
This calculator requires you to enter details around your income and existing financial commitments. You'll also need to select the loan type you’re looking for, your desired loan term, and the repayment frequency you're after.

Commonwealth bank how much can i borrow

Personal loan selector.
The purpose of your loan and how much you wish to borrow needs to be entered first into this calculator. Next, narrow down on suitable options by selecting features like fixed rate and fixed repayments, the ability to make extra repayments, and redraw facility.

cba-personal-loan-selectorRepayment calculator.
This calculator gives you a clear indication of what your repayments will look like. You have to select the type of loan and your repayment frequency, plus enter your loan amount and loan term. The interest rate field auto-populates using the bank’s existing rates. By making adjustments to the amount and loan term, your repayments can change significantly.


Westpac personal loan calculator

Westpac offers a personal loan selector that helps you choose the right loan, and its personal loan calculator gives you an indication of what your repayments will look like.

Personal loan selector.
The first step is to select the purpose of the loan, which can be to buy a car, go on a holiday, consolidate debts, fund home improvements, or even get married. Next, decide if you want a reusable loan that you can repay ahead of time.

Westpac Loan Selector

Personal loan repayment calculator.
Start by choosing the loan type and then enter the loan amount and the desired loan term. Limits for these can vary in accordance with the loan type you choose. The interest rate appears automatically according to the loan you select.

Westpac Loan Repayment Calcualtor

NAB personal loan calculator

National Australia Bank offers three loan calculators, which include a personal loan repayment calculator, a car loan repayment calculator, and a loan comparison calculator.

Personal loan repayment calculator.
This calculator requires you to enter your loan amount and loan term, and you also have to select the repayment frequency you're after.


Car loan repayment calculator.
This calculator is similar to the one offered to calculate personal loan repayments.


Loan comparison calculator.
This calculator allows you to compare two loans side by side. Start by entering the common loan amount and loan term, and follow this by entering details like the upfront fees, ongoing fees, and interest rates separately.


ANZ personal loan calculator

ANZ also offers its customers different calculators to guide them through the loan selection process.

Borrowing power calculator. This calculator requires you to part with details like number of dependents, your annual income, and your monthly expenditure.


Personal finance product selector. Use this tool to narrow down on the right loan for you by selecting the purpose of the loan and a suitable loan amount bracket. Next, choose between fixed and variable rate loans and establish if you want repayment flexibility.


Loan repayment calculator. This calculator requires you to choose a loan type and repayment frequency. You also have to enter loan amount and loan term, and the interest rate will appear automatically depending on the loan type you choose.


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When will these Big Four Bank personal loan calculators come in use?

When you decide to get a personal loan it is best that you know how much you’ll have to repay each week, fortnight or month, and this is where a calculator can help. While such a calculator can help you compare crucial features of the loan, it comes with other benefits as well.

  • Establish the effect of your interest rate. Even a relatively small difference in your rate can lead to a significant difference in how much you end up paying throughout the course of your loan, and this becomes clear when you use a calculator.
  • See how a changing loan term can help you save. Changing the loan term has two effects, and you can find out about both through a loan calculator. While increasing the loan term reduces repayment size, you end up paying more in the form of interest. Reducing the loan term means your repayments will be higher, but you're likely to pay less interest in the long run.
  • Save money. Given that loan calculators help you compare different types of loans, you can find out which one saves you the most.
  • Choose loan type as per your budget. By changing the parameters of your loan — repayment terms, loan type, type of interest — you can find a loan that will work best for your budget.
  • Save time. Since such calculators require you to select and enter basic details, and then do the calculations for you, they can help you save time while you decide what loan to apply for.

Personal loan calculator offers two distinct calculators for people who’re thinking about getting personal loans. The loan repayment calculator requires you to enter loan amount, loan term, interest rate and repayment frequency. Using this information you can see your repayments over the term of your loan.

The loan comparison calculator, on the other hand, allows you to compare any two loans, which can include loans offered by the Big Four Banks. In addition to entering a common loan term and loan amount, other values you can enter include upfront fees, ongoing fees, any introductory rate and term, and ongoing rates.

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What personal loans do the Big Four banks offer?

Each of the Big Four Banks offers personal loans, and details of their offerings are as follows:

Commonwealth Bank

Commonwealth Bank offers a fixed rate personal loan and a variable rate personal loan. Both allow you to borrow in between $5,000 and $50,000, and repayments terms vary between one and seven years. While both these loans allow you to make extra repayments, the fixed rate loan has a maximum limit in place while the variable rate loan offers a redraw facility.

Compare and apply for personal loans from Commonwealth Bank


The Westpac Flexi Loan works in the form of a line of credit, allowing you to access between $4,000 and $75,000. You only pay interest on the outstanding amount. The unsecured personal loan, on the other hand, is a conventional personal loan that allows you to borrow between $4,000 and $50,000.

Unsecured, secured and flexi personal loans from Westpac


You can get a fixed rate or variable rate NAB personal loan for purposes like travel, home renovations and debt consolidation. The minimum you can borrow through these loans is $5,000 and the maximum stands at $55,000. Loan terms can vary between one and seven years, and these loans come with repayment flexibility.

Want a personal loan from NAB?


ANZ also gives its customers the option to choose between fixed rate and variable rate loans. While the fixed rate loan comes with the security of fixed repayments throughout the course of the loan, the variable rate loan allows you to make extra repayments and also has a redraw facility.

Find out what ANZ Personal Loans have to offer. 

Before you apply for a personal loan comparing your options is ideal, and using a personal loan calculator is a good way to compare multiple loans across different parameters. Try to compare as many options as you can before you make a decision, and don’t limit your search to just the Big Four.

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