Personal loan calculators: Calculate your repayments

Find out how much your personal loan 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 at different points in time.

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 personal loan repayment calculator in the table

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.

HSBC Personal Loan Offer

HSBC Personal Loan


9.50 % p.a.

fixed rate


10.06 % p.a.

comparison rate

  • Competitive interest rate
  • Additional payments OK
  • Borrow up to $50,000
Security Logo

100% confidential application

HSBC Personal Loan Offer

A flexible personal loan from HSBC with a tailored interest rate between 9.5% p.a. and 15.99% p.a. based on your risk profile. Early and additional repayments allowed.

  • Interest rate from: 9.50% p.a.
  • Comparison rate: 10.06% p.a.
  • Interest rate type: Fixed
  • Application fee: $150
  • Minimum loan amount: $5,000
  • Maximum loan amount: $50,000
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Personal Loans you can apply for

Rates last updated August 18th, 2018
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Product Description Monthly Repayment
HSBC Personal Loan
From 9.5% (fixed)
1 to 5 years
A competitive fixed interest rate loan with the option to make extra repayments. Rates range from 9.5% p.a. to 15.99% p.a. based on your credit history.
SocietyOne Unsecured Personal Loan
From 7.5% (fixed)
2 to 5 years
3% (of loan amount)
Based on your risk profile, you will receive a tailored rate between 7.5% and 20.49% with a SocietyOne personal loan.
Latitude Low Rate Personal Loan (Unsecured)
10.99% (fixed)
2 to 7 years
A low rate unsecured personal loan you can repay over terms of 2- to 7 years. Only available to homeowners.
Citi Personal Loan Plus
From 8.99% (variable)
3 to 5 years
Borrow up to $75,000 to use for a range of purposes. You’ll receive a rate of between 8.99% p.a. and 17.99% p.a. depending on your risk profile. (Comparison Rate of 9.96% p.a. to 18.91% p.a.)
NOW FINANCE Personal Loans
From 7.95% (fixed)
1.5 to 7 years
$395 (Based on $10,000)
Get rewarded with a low interest rate for your good credit history. Rates from 7.95% p.a. to 16.95% p.a. depending on your credit score.
Harmoney Unsecured Personal Loan
From 6.99% (fixed)
3 to 5 years
$500 (Upfront fee)
Interest rates are tailored to each applicant individually, and start from as low as 6.99% p.a. to 26.95% p.a.. based on your credit history.
RateSetter 3-Years Personal Loan
From 7.17% (fixed)
0.5 to 5 years
RateSetter offers loans with terms ranging from 6 months to 5 years and comparison rates from 6.39% p.a. - 11.08% p.a. based on your risk profile.

Interest and comparison rates calculated for a 3-year loan term.
Westpac Unsecured Personal Loan
12.99% (fixed)
1 to 7 years
A competitive, fixed rate personal loan that allows you to make extra repayments.
Latitude Personal Loan (Unsecured)
From 13.99% (fixed)
2 to 7 years
$250 (Loans under $4000 - $140)
An unsecured loan with a tailored rate from 13.99% p.a. to 29.99% p.a. designed for multiple purposes including renovating, buying a car or travelling.
NAB Personal Loan Unsecured Variable Rate
Headline rate 12.69% (variable)
1 to 7 years
Based on your risk profile you will receive a tailored rate between 10.69% p.a. and 18.69% p.a. (comparison rates between 11.58% p.a. and 19.53% p.a.)
Pepper Money Unsecured Fixed Rate Personal Loan
From 9.99% (fixed)
1 to 7 years
Apply for up to $50,000 and receive conditional approval within minutes. Interest rates range from 9.99% p.a. to 21.74% p.a. The rate you are approved for depends on individual circumstances.
CUA Unsecured Fixed Rate Personal Loan
11.99% (fixed)
1 to 7 years
Apply for a loan up to $60,000 and keep repayments manageable with a competitive fixed rate.
MyState Unsecured Personal Loan
12.99% (variable)
1 to 7 years
Apply for up to $50,000 and make additional repayments at any time without penalty.
RACQ Unsecured Personal Loan
12.95% (variable)
5 years
Apply for up to $60,000 to use for a variety of purposes end enjoy no penalty for early repayment. Note: You must be a QLD resident to apply.

Compare up to 4 providers

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 personal loan repayment calculator helps illustrate important differences between car 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 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 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 finds a personal loan with an interest rate of 7.90% p.a., which allows her to repay her loan in three years if she makes 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. Hilary 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?

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 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 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?

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Personal Loan Offers

Important Information*
HSBC Personal Loan

A competitive fixed interest rate loan with the option to make extra repayments. Rates range from 9.5% p.a. to 15.99% p.a. based on your credit history.

SocietyOne Unsecured Personal Loan

Based on your risk profile, you will receive a tailored rate between 7.5% and 20.49% with a SocietyOne personal loan.

Latitude Personal Loan (Unsecured)

An unsecured loan with a tailored rate from 13.99% p.a. to 29.99% p.a. designed for multiple purposes including renovating, buying a car or travelling.

Citi Personal Loan Plus

Borrow up to $75,000 to use for a range of purposes. You’ll receive a rate of between 8.99% p.a. and 17.99% p.a. depending on your risk profile. (Comparison Rate of 9.96% p.a. to 18.91% p.a.)

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28 Responses

  1. Default Gravatar
    December 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

    • finder 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?


    • finder 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…

    • finder 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.

    • finder 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

    • finder 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

    • finder 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

    • finder 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!

    • finder 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

    • finder 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

    • finder 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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