
Get exclusive money-saving offers and guides
Straight to your inbox
Updated . What changed?
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
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.
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.
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.
From
variable rate
From
comparison rate
100% confidential application
Get access to flexible repayment options and next-day funding with a Symple personal loan.
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.
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:
Worried about getting knocked back when applying for a personal loan? Use the Finder app to estimate your chance of approval and apply with greater confidence. Pop in your phone number below to get your download link.
By submitting your phone number, you agree to the Finder privacy policy and terms of use
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.
How much will your payday loan cost you?
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.
What will you need to repay for your car loan?
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:
Will a chattel mortgage be worth it?
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:
How much will you pay on your novated lease?
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:
What's the cost of your caravan loan?
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.
By submitting your phone number, you agree to the Finder privacy policy and terms of use
From costs and finance options to what materials you’ll need, learn about bathroom renovations in this comprehensive guide.
Funding Christmas festivities pushed Aussies $24.3 billion deeper into debt, according to Finder, Australia’s most visited comparison site.
Learn about the key features of Workful, a payroll software that's tailored to meet the needs of small and growing enterprises.
Off the back of Christmas spending, a finance expert has warned that your Afterpay habits could negatively impact your home loan application.
Our experts crunch the numbers to help you work out the best place to park your money: is it your mortgage or your super fund?
One in four (25%) Australians are worried about how they will pay the rent or mortgage after Christmas, according to new research by Finder, Australia’s most visited comparison site. Find out how the Finder App can help save you money in 2021.
A UCapital unsecured business loan can provide up to $300,000 without security, with repayment terms between 3 and 12 months.
Here's what borrowers need to know about home loans with redraw facilities.
InstaPay is a pay-on-demand service offered by Employment Hero that allows employees to access salary advances of up to $250 per week for a flat fee starting from just $2.
Lenders often give discounts to new borrowers, but not to loyal existing customers. Here's how to work out if you're being charged too much.
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
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.
Cheers,
May
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.
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,
Elizabeth
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…
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.
Thanks,
Elizabeth
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.
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.
Thanks,
Elizabeth
if i take a loan out for 7 years for 7000 how much a month would that be
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
Which banks accept scholarship stipend as an income eligible for personal loans?
Thank you
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.
Thanks,
Elizabeth
hello i need help i want a debt consolidation loan but i have defaults can someone help me please
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.
Cheers,
Shirley
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!
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.
Cheers,
Shirley
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
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
hi,
Just i wanted to know about personal loan, can i cash out amount?
thank you
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