NAB, NRMA and RACV Repayment Calculators

Rates and Fees verified correct on March 28th, 2017

Bank calculators: Putting the borrowing power back in your hands

A bank calculator is an online tool designed to help potential borrowers work out how much they can borrow and what their repayments will be. It takes the guesswork out of applying for a loan, as it allows you to tailor your loan to suit your budget and personal needs. Do you want to take control of your loan? Find out how you can with a personal loan calculator.

How to use bank calculators

Bank calculators can be very user-friendly, and the calculators from NAB, NRMA and RACV are examples of this.

NAB personal loan calculator

This calculator uses sliding scales that allow you to raise or lower the loan amount, interest rate and the term of the loan. Simply set the scales where you want them, select weekly, fortnightly or monthly payments in the box below and your repayment amount will be displayed automatically. You'll also be able to see the total interest payable. You can scroll over different points of the graph on the right to see the progress of the loan at various points in time.

NRMA personal loan calculator

This is a fairly straightforward calculator, in that, rather than having sliding scales, it uses arrow keys to the left and right to raise or lower the amount and period of the loan. You simply enter the loan amount, the interest rate and the loan duration in years and press ‘calculate’, and your monthly and total repayments are displayed automatically.


RACV personal loan calculator

Identical in nature to the NRMA personal loan calculator, you also use arrow keys to enter the loan amount, interest rate and loan duration in years to calculate your RACV loan. Simply press ‘calculate’ to reveal your monthly and total repayments. One difference is that another loan calculator is also displayed to the right of the page where you can manually type in your required amount, interest rate and term, with the results changing automatically as you alter the fields.


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When will these bank personal loan calculators come in use?

Bank calculators make applying for a loan easy. They let you work out exactly how much you can afford to borrow and also what your weekly, fortnightly or monthly repayments will be. They provide borrowers with several important benefits including:

  • Flexibility. By adjusting the fields, including the amount, term and repayment frequency, you can tailor a loan to fit in with your budget.
  • Convenience. As they're available online, you can access them 24/7 and calculate your loan from anywhere there’s an internet connection.
  • Transparency. There are no hidden surprises because you’re in control and decide the variables for yourself.
  • Speed. Rather than filling out a loan form and taking it into your nearest branch, you can calculate your loan repayments online and then apply with the click of a button.
  • Value for money. Online tools such as loan calculators allow the banks to reduce overheads and administration costs, which means they are able to offer their customers better and more affordable loans.

Personal loan calculator

Would you like to compare the personal loan rates offered by all the big lenders in one place? The personal loan repayment calculator at is a way to see who’s got the best deal and find out which personal loan is right for you. Just enter the loan amount and duration you require and the calculator displays all the various loans from a number of lenders. You can also use a calculator to input your own loan amounts and see your repayments over time, as well as compare your loan options.

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What personal loans do these banks offer?

Here’s a snapshot of the personal loans offered by these three major lenders: NAB, NRMA and RACV.


NAB offers personal loans for amounts of between $5,000 and $55,000 are available for terms of 1 to 7 years. Choose from fixed or variable interest rates and weekly, fortnightly or monthly repayments, with no penalty for extra repayments or early payout. You can apply for a loan to renovate, for a wedding, to purchase a car or even to travel. You can also choose to take out MLC Personal LoanCover, which offers peace of mind for your personal loan for just $10 a month. There are no early exit fees and there's also a low $150 application fee.

Should you apply for a personal loan from NAB?


NRMA specialises in loans to finance vehicles of all types — cars, motorcycles, caravans, motorhomes and boats. These are low fixed rate loans with terms up to  years, no monthly fees, no additional account-keeping fees, flexible repayment options, no fees for extra repayments and five-hour pre-approvals to boost your bargaining power.

Find out about the benefits of a loan from NRMA


Take out a personal loan from RACV and enjoy rates from just , with fast approvals over the phone (usually within 24 hours), no ongoing fees, savings on RACV Motor Insurance and loan protection cover.

What a personal loan from RACV can offer you

Bank calculators are a great tool for borrowers, allowing you to know what you can afford upfront before you apply for a loan. They also offer convenience, flexibility, fast approval, transparency and value for money. If you’re in the market for a loan, an online bank calculator should be your first port of call. All rates and fees were correct at the time of writing, please check with the lender before applying for any financial product on any fees and charges involved.

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