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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.

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By

Rebecca Pike

Updated

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Personal Loan Repayment Calculator

Your personal loan details

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

Overview of your loan

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:
See as a table
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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1 - 6 of 190
Updated regularly
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
NOW Finance No Fee Unsecured Personal Loan
NOW Finance logo
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
Go to siteMore Info
OurMoneyMarket Unsecured Low-Rate Personal Loan
OurMoneyMarket logo
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
Go to siteMore Info
Harmoney Unsecured Personal Loan
Harmoney logo
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
Go to siteMore Info
NAB Personal Loan Unsecured Fixed
NAB logo
Fixed1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
8.49%
to 20.49%
Comp. Rate (p.a.)
9.54%
to 21.49%
Application Fee
$250
Monthly Fee
$10
Monthly Repayment
$649.15
Go to siteMore Info
ING Personal Loan
ING logo
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
Go to siteMore Info
NAB Personal Loan Unsecured Variable Rate
NAB logo
Variable1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
8.49%
to 20.49%
Comp. Rate (p.a.)
9.54%
to 21.49%
Application Fee
$250
Monthly Fee
$10
Monthly Repayment
$649.15
Go to siteMore Info
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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.

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

  • When you're buying a car. If you’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 you’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 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 needs.

Estimate your chance of approval with the Finder app

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Frequently asked questions

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28 Responses

    Default Gravatar
    EhsanApril 9, 2015

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

    Reply
      AvatarFinder
      ElizabethApril 13, 2015Finder

      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

      Reply
    Default Gravatar
    katrinaFebruary 13, 2015

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

    Reply
      AvatarFinder
      ShirleyFebruary 16, 2015Finder

      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

      Reply
    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!

    Reply
      AvatarFinder
      ShirleyDecember 30, 2014Finder

      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

      Reply
    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

    Reply
      AvatarFinder
      ShirleyDecember 22, 2014Finder

      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

      Reply
    Default Gravatar
    shizNovember 8, 2014

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

    Reply
      AvatarFinder
      ElizabethNovember 10, 2014Finder

      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

      Reply
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