Personal loan calculator

Calculate your monthly personal loan repayments.


Fact checked

If you're planning on getting a personal loan, it's important to know how much you can afford to borrow. Use our personal loan calculator to work out the size of your repayments and compare personal loans below.

Personal Loan Repayment Calculator

*Whilst every effort has been made to ensure the accuracy of this calculator, the results should only be used as an indication. They are neither a recommendation nor an eligibility test for any product and should not be construed as financial advice, investment advice or any other sort of advice.

How to use the 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 at different points in time.

Calculate your personal borrowing power

Before you compare personal loans, it's important to understand how much you can realistically afford to borrow. Use the calculator below by entering your preferred loan terms, income and expenses to work out your personal borrowing power.

ING Personal Loan

ING Personal Loan

8.99 % p.a.

fixed rate

9.13 % p.a.

comparison rate

  • No ongoing fees
  • Waived application fee for Orange Everyday cardholders
  • No early repayment fee
Security Logo

100% confidential application

ING Personal Loan

The ING Personal Loan offers the stability of a fixed rate with flexible repayment options.

  • Interest rate: 8.99% p.a.
  • Comparison rate: 9.13% p.a.
  • Interest rate type: Fixed
  • Application fee: $100
  • Minimum loan amount: $5,000
  • Maximum loan amount: $30,000
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Calculate personal loan repayments for the products below

Data indicated here is updated regularly
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
ING Personal Loan
8.99% (fixed)
2 to 5 years
You'll receive a fixed rate of 8.99% p.a.
Benefit from no ongoing fees, no early repayment fees and flexible loan terms on amounts up to $30,000.
Wisr Personal Loan

From 7.95% (fixed)
3 to 5 years
$595 (Establishment Fee)
You'll receive a fixed rate between 7.95% p.a. and 19.45% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.
ANZ Fixed Rate Personal Loan
12.45% (fixed)
1 to 7 years
You'll receive a fixed rate of 12.45% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.
SocietyOne Unsecured Personal Loan

From 7.50% (fixed)
1 to 7 years
$300 (Based on $10,000)
You'll receive a fixed rate between 7.50% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
SocietyOne Unsecured Personal Loan

From 7.50% (fixed)
2 to 5 years
from 3% of loan amount
You'll receive a fixed rate between 7.50% p.a. and 20.49% p.a. based on your risk profile
A loan from $10,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
CUA Unsecured Fixed Rate Personal Loan
9.89% (fixed)
1 to 7 years
You'll receive a fixed rate of 9.89% p.a.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.
ANZ Variable Rate Personal Loan
15.99% (variable)
1 to 7 years
You'll receive a variable rate of 15.99% p.a.
A flexible loan with amounts starting $5,000 that offers flexible repayments and a redraw facility.
Symple Loans Personal Loan

From 5.75% (variable)
1 to 7 years
from 0% to 5% of the loan amount
You'll receive a personalised interest rate from 5.75% p.a. to 21.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
MoneyPlace Unsecured Personal Loan

From 7.65% (fixed)
3 to 7 years
0% to 5.5% of loan amount, capped at $950
You'll receive a fixed rate between 7.65% p.a. and 26.99% p.a. based on your risk profile
A no-frills personal loan that you can use for any purpose. Loan amounts available up to $50,000 and early repayments allowed.
Liberty Personal Loan

From 7.65% (fixed)
3 to 7 years
0% to 5.5% of loan amount, capped at $950
You'll receive a fixed rate of 7.65% p.a. to 26.99% p.a. based on your risk profile
Apply for a credit limit from $5,000 to $50,000 on terms from 3 to 7 years and pay no ongoing fees or charges.
CUA Discount Variable Personal Loan (Loans over $30,000)
10.89% (variable)
1 to 7 years
You'll receive a discounted variable rate of 10.89% p.a.
Borrow over $30,000 and receive a discounted interest rate. No monthly fees and a redraw facility also available.
CUA Unsecured Variable Personal Loan
11.89% (variable)
1 to 7 years
You'll receive a variable rate of 11.89% p.a.
Borrow from $5,000 with the option for flexible repayments and no monthly fees.
People's Choice CU Discounted Personal Loan

From 7.99% (fixed)
1 to 10 years
You'll receive a fixed rate of 7.99% p.a. for 5 years
Secure this loan with a vehicle up to 7 years old and benefit from long loan terms up to 10 years and pre-approval.
People's Choice CU Unsecured Personal Loan (Low Rate)
9.99% (fixed)
1 to 7 years
You’ll receive a fixed rate of 9.99% p.a. based on your risk profile
Borrow between $2,000 and $40,000 up to 7 years. No penalties for early payout or additional repayments and no monthly account fee.
People's Choice CU Unsecured Personal Loan
13.99% (fixed)
1 to 7 years
You’ll receive a fixed rate of 13.99% p.a. based on your risk profile
Loans are available from $2,000 - $40,000 on terms of up to 7 years without the need for asset security.

Compare up to 4 providers

Want to know which loan is more competitive?

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

Why do I need to use a personal loan calculator?

A personal loan calculator helps you understand how much you can borrow and what your repayments will look like over time.

Here’s how a personal loan calculator can help you in different situations:

  • When you're buying a car. If you’ve been meaning to get a new or used 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 personal loan repayment calculator helps illustrate important differences between car loan types and can help you narrow down 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 personal loan 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 repayment 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 business loan 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.
  • 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 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.

Other loan calculators

Short term 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 personal loan repayment 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 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 find out how much you’ll have to repay.

What will you need to repay for 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 personal 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?

Read more on this topic

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 28.69% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.66% p.a. to 19.59% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.34% p.a. comparison rate) or less. See Comparison rate warning in (i) above. Application fee of $150 waived off.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 7.5% p.a. and 20.49% p.a. based on your risk profile
A loan from $10,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

Logo for Pepper Money Unsecured Fixed Rate Personal Loan
Pepper Money Unsecured Fixed Rate Personal Loan

You'll receive a fixed rate between 7.95% p.a. and 16.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.

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28 Responses

  1. Default Gravatar
    LeanneDecember 12, 2017

    I just want to know,if possible,the best place to apply for a $1000 loan,with repayments not exceeding $65 per fortnight and with no upfront payment. I do not have drivers licence but i do have photo id for identification

    • Avatarfinder Customer Care
      MayDecember 13, 2017Staff

      Hi Leanne,

      Thanks for reaching out to finder.

      Though we can’t recommend a specific lender to our users as we are a comparison website, you may like to check this page for your options for a $1,000 loan. Please review the loan details and the eligibility criteria then contact the lender to discuss your options.

      Hope this helps.


  2. Default Gravatar
    TimSeptember 14, 2016

    I have a bad credit rating however I’m employed and earn good money with no debt. My wife is a med student with a perfect credit rating. Could we get a joint unsecure personal loan of say only $5000 with her as primary?

    Is there any way if doing this or including my income?


    • Avatarfinder Customer Care
      ElizabethSeptember 14, 2016Staff

      Hi Tim,

      You can apply for a joint personal loan but your credit history will still be taken into account, so you generally won’t be eligible for a loan with a traditional bank. However, there are some non-traditional lenders that offer joint personal loans (follow the link to find out criteria). You can read about some of your personal loan options up to $5,000 with bad credit on this page and you can also consider getting your wife to go guarantor.

      Hope this helps,


  3. Default Gravatar
    SunnyAugust 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…

    • Avatarfinder Customer Care
      ElizabethAugust 26, 2015Staff

      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.



  4. Default Gravatar
    GregoryAugust 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.

    • Avatarfinder Customer Care
      ElizabethAugust 14, 2015Staff

      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.



  5. Default Gravatar
    mikeJune 17, 2015

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

    • Avatarfinder Customer Care
      ElizabethJune 17, 2015Staff

      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.



  6. Default Gravatar
    EhsanApril 9, 2015

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

    • Avatarfinder Customer Care
      ElizabethApril 13, 2015Staff

      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.



  7. Default Gravatar
    katrinaFebruary 13, 2015

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

    • Avatarfinder Customer Care
      ShirleyFebruary 16, 2015Staff

      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.


  8. Default Gravatar
    ElenaDecember 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!

    • Avatarfinder Customer Care
      ShirleyDecember 30, 2014Staff

      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.


  9. Default Gravatar
    GregDecember 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

    • Avatarfinder Customer Care
      ShirleyDecember 22, 2014Staff

      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.


  10. Default Gravatar
    shizNovember 8, 2014

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

    • Avatarfinder Customer Care
      ElizabethNovember 10, 2014Staff

      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.



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