Personal loan calculator: Calculate repayments on 15+ loans

Personal loan calculator

Calculate your monthly personal loan repayments.

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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.

NOW Finance No Fee Unsecured Personal Loan

NOW Finance No Fee Unsecured Personal Loan

From

5.95 % p.a.

fixed rate

From

5.95 % p.a.

comparison rate

  • A competitive fixed rate
  • Apply for up to $50,000
  • Receive your funds in 24 hours
Security Logo

100% confidential application

NOW Finance No Fee Unsecured Personal Loan

⭐ Finder Exclusive: Get a free $200 Westfield e-gift card once your loan application has settled. Offer ends on 30 April 2021. T&Cs apply.

Apply for a NOW FINANCE Personal Loan to get reward of low interest rate for having a great credit history.

  • Interest rate from: 5.95% p.a.
  • Comparison rate: 5.95% p.a.
  • Interest rate type: Fixed
  • Application fee: $0 (No Establishment Fee)
  • Minimum loan amount: $5,000
  • Maximum loan amount: $50,000
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Promoted

Calculate personal loan repayments for the products below

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.


⭐ Finder Exclusive: Get a free $200 Westfield e-gift card once your loan application has settled. Offer ends on 30 April 2021. T&Cs apply.
Harmoney Unsecured Personal Loan

From 6.99% (fixed)
7.79%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 6.99% p.a. and 24.79% 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.
Citi Personal Loan Plus
8.90% (variable)
9.18%
$5,000
3 to 5 years
$199
$0
You'll receive a variable rate of 8.90% p.a. with a comparison rate of 9.18% p.a.
A credit limit up to $40,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 30 September 2021.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% 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. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
OurMoneyMarket Personal Loan

From 5.35% (fixed)
6.31%
$2,001
1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 5.35% p.a. to 20.99% p.a. based on your risk profile
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.


⭐ Finder Exclusive: Apply before April 30th to secure a discounted rate of 5.35% p.a. (comparison rate: 6.31% p.a.) for the first 12 months.
Alex Personal Loan

From 5.49% (fixed)
5.49%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
$0
You'll receive a fixed interest rate from 5.49% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 3 May 2021
Plenti Personal Loan

From 6.39% (fixed)
6.39%
$2,001
3 to 7 years
$0 to $999
$0
You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
Latitude Personal Loan (Unsecured)

From 7.99% (fixed)
9.24%
$3,000
1 to 7 years
$250 (Loans under $5000 - $140)
$13
You'll receive a fixed rate between 7.99% p.a. and 22.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly. You can check your interest rate before applying with no impact to your credit score.
SocietyOne Unsecured Personal Loan (2-3 years)

From 6.39% (fixed)
6.39%
$5,000
2 to 3 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 6.39% p.a. and 17.49% 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 (5 years)

From 6.39% (fixed)
6.39%
$5,000
5 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 6.39% p.a. and 19.99% 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.
Wisr Personal Loan

From 6.49% (fixed)
6.76%
$5,000
3 to 5 years
$595
$0
You'll receive a fixed rate between 6.49% p.a. and 19.95% 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.
MoneyMe Personal Loans

From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.
CUA Unsecured Fixed Rate Personal Loan
9.39% (fixed)
9.64%
$5,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 9.39% p.a.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.
Pepper Money No Fee Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
$0
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $50,000 and use for a range of purposes. Pay no upfront, early repayment or ongoing fees.
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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.
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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?


Insights in the Finder app

Want to give your savings a boost?

The Finder app hunts down personalised ways for you to save. You could save on your bills, mobile plan, credit card, insurance and more. Pop in your phone number below to get your download link.

More guides on Finder

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 24.79% 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 ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 10.5% 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.

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

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% 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. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% 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.

Ask an Expert

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28 Responses

    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 our list of $1,000 cash loans. Please review the loan details and the eligibility criteria then contact the lender to discuss your options. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Hope this helps.

      Cheers,
      May

    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?

    Thanks.

      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. 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 our $5,000-loan guide to find personal loan options up to $5,000 for people with bad credit. You can also consider getting your wife to become a guarantor.

      Hope this helps,

      Elizabeth

    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 for temporary residents to see application criteria and required documents. You can select the lender and read our review or select ‘Go to Site’ if you are ready to apply. Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply for the loan.

      I hope this has helped.

      Thanks,
      Elizabeth

    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.

      You can take a look at our business loans guide to find out the application process and whether you are eligible. You might want to have a chat with a lender or accountant who might be able to offer you personal advice. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this information will be of use.

      Thanks,
      Elizabeth

    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.

      Thanks,

      Elizabeth

    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 accept scholarship stipends 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 student personal loans to know what types of personal loans you can consider. You can also speak to a few of the major banks and also your current bank about possibilities for a loan. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this will help.

      Thanks,
      Elizabeth

    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 guide to debt consolidation 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 and compare lenders that may assist you.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      Cheers,
      Shirley

    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.

      In most cases, full-time employment is favourable when applying for a personal loan. You can compare a range of personal loans. If you would like to apply or find out more information about one of the products we display, please click on ‘go to site’ to be taken to the lender’s website.

      Cheers,
      Shirley

    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.

      Cheers,
      Shirley

    Default Gravatar
    shizNovember 8, 2014

    hi,
    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.

      Thanks,

      Elizabeth

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