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# Personal loan calculator

## Find out how much you can borrow, what your repayments will be and how to pay off your loan sooner.

### Personal Loan Repayment Calculator

Loan amount
\$
Term
Repayment type
Interest rate
%
Monthly fee
\$
Interest only period
Payment frequency
Extra monthly repayments
\$

Once the interest only period ends, your estimated repayments will be
(including extra )
Total loan repayments:
Total interest / fees payable:
Compare personal loans
By making extra monthly repayments of
Your loan term could reduce by:
You could pay less interest, saving:
Years remaining Principal remaining
Calculator Assumptions: The above calculations are worked out assuming you're paying off a principal and interest loan where the interest rate remains the same over the life of the loan. The repayment amounts do not take into account any additional fees or charges that may be charged to your loan (e.g. application fees).
Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as indication only. They are neither a quote nor a pre-qualification for a loan.

#### 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 personal loan repayments for a new loan

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Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
NOW Finance No Fee Unsecured Personal Loan
Finder award winnerFixed18 Months - 7 Years \$5,000 - \$50,000
Interest Rate (p.a.)
6.75%
to 26.95%
Comp. Rate (p.a.)
6.75%
to 26.95%
Application Fee
\$0
Monthly Fee
\$0
Monthly Repayment
\$615.26
OurMoneyMarket Personal Loan
Finder award winnerFixed1 - 7 Years \$2,001 - \$75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
1.50% - 6%
min. \$250
Monthly Fee
\$0
Monthly Repayment
\$627.42
Harmoney Unsecured Personal Loan
Finder award winnerFixed3 - 7 Years \$2,000 - \$70,000
Interest Rate (p.a.)
5.76%
to 24.03%
Comp. Rate (p.a.)
6.55%
to 24.98%
Application Fee
\$275 - \$575
Monthly Fee
\$0
Monthly Repayment
\$623.70
NAB Personal Loan Unsecured Fixed
Fixed1 - 7 Years \$5,000 - \$55,000
Interest Rate (p.a.)
6.99%
to 20.49%
Comp. Rate (p.a.)
8.05%
to 21.49%
Application Fee
\$250
Monthly Fee
\$10
Monthly Repayment
\$635.17
ING Personal Loan
Finder award winnerFixed2 - 7 Years \$5,000 - \$60,000
Interest Rate (p.a.)
6.89%
to 18.99%
Comp. Rate (p.a.)
7.10%
to 19.23%
Application Fee
\$150
Monthly Fee
\$0
Monthly Repayment
\$621.16
NAB Personal Loan Unsecured Variable Rate
Variable1 - 7 Years \$5,000 - \$55,000
Interest Rate (p.a.)
6.99%
to 20.49%
Comp. Rate (p.a.)
8.05%
to 21.49%
Application Fee
\$250
Monthly Fee
\$10
Monthly Repayment
\$635.17
Showing 6 of 6 results

### Why should I 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.

Hereâ€™s how a personal loan calculator can help you in different situations:

• When you're buying a car. If youâ€™re buying a new or used car, you can use a personal loan calculator to see if you should get a secured or unsecured loan (based on the interest rate), and how long you can take the loan out for.
• 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 youâ€™ll have to repay over time. This can help you choose between making affordable and not-so-affordable renovations.
• If you have 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 personal loan repayment calculator can tell you by just how much.
• If you need a cash injection for your business. Certain lenders offer loans for businesses, and there are business loan calculators that can help you compare features in such instances as well. Typical business loans, for instance, offer lower interest rates when compared to personal loans for individuals.
• When you just need a bit extra to see you through. Do you need money to get by existing cash flow problems and arenâ€™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 needs.

### Why compare personal loans with Finder?

#### We're free

Our personal loan comparison is completely free to use. There are no costs at all for you to use our database to find a better deal. Better still, we regularly run exclusive deals that you won't find on any other site.

#### We're experts

We've researched and reviewed hundreds of loans as part of our Finder Awards. Our database and tables are always up-to-date and our in-house experts regularly appear on Sunrise, 7News and SBS News.

#### We're independent

We are independently owned and have a mission to help Australians make better financial decisions. That means our opinions are our own and you can compare nearly every personal loan in Australia (and find a better deal).

#### We're here to help

Since 2014, we've helped 300,000+ people find a personal loan by explaining your options simply. You don't need to give us any details to use our comparison. We're here to help you make a decision.

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