Personal Loan Calculator
Calculate your personal loan repayments before you apply. Adjust the loan amount, interest rate, and term to see how they affect your repayments.
Plan your budget with confidence.
Adjust Your Loan Details
The total amount you want to borrow
Rates vary based on credit history and loan type
Longer terms = lower repayments but more interest
One-off lender fee (if applicable)
Monthly account/service fee (if applicable)
Quick select term:
Repayment frequency:
Weekly/fortnightly figures use a simple rate conversion and may differ from lender calculations (including daily interest).
Your Estimated Repayments
Monthly Repayment (P&I)
$664.29
per month for 3 years
No impact to your credit score
Results are estimates only and not a quote. Calculations assume a fixed interest rate and equal repayments and exclude lender-specific fees/charges unless entered above. Weekly/fortnightly figures use a simplified conversion and may differ from lender calculations (including daily interest and rounding). This information is general in nature and not financial advice; consider your circumstances and seek independent advice where appropriate.
What Interest Rate Should I Use?
Good Credit
No defaults, stable income, clean credit history
Fair Credit
Some credit issues, older defaults, limited history
Bad Credit
Defaults, bankruptcy, low credit score
Not sure about your credit? Don't worry - we'll help you understand your options. Our initial quote process doesn't affect your credit score.
What Can You Use a Personal Loan For?
Personal loans can be used for almost any legitimate purpose. Some lenders have restrictions, which we'll discuss when you apply.
Tips for Lower Repayments
Consider a secured loan
If you have an asset to secure the loan (car, term deposit), you may get a lower interest rate.
Improve your credit first
Pay down existing debts and ensure bills are paid on time before applying.
Borrow only what you need
A smaller loan amount means lower repayments and less total interest paid.
Choose the right term
Balance affordable monthly payments with the total cost over the loan life.
Frequently Asked Questions
How accurate is this personal loan calculator?
This calculator provides an estimate based on the information you enter. Actual loan rates and terms may vary depending on your credit history, the lender, and the purpose of the loan. Use this as a guide and contact us for a personalised quote.
What interest rate should I use for a personal loan?
Personal loan interest rates in Australia typically range from 6% to 25%, depending on whether the loan is secured or unsecured and your credit history. Good credit may get rates around 6-12%, fair credit 12-18%, and bad credit 18-25%. We can help you find the best rate for your situation.
Does the calculator include fees?
By default, the repayment is principal and interest only. You can add estimated establishment and ongoing fees to see the estimated total cost. Other lender fees and charges may still apply.
What loan term should I choose for a personal loan?
Personal loan terms typically range from 1 to 7 years. Shorter terms (1-3 years) mean higher repayments but less total interest. Longer terms (5-7 years) have lower repayments but cost more overall. Choose a term that balances affordable repayments with total cost.
Can I get a personal loan with bad credit?
Yes. We specialise in bad credit personal loans. While interest rates may be higher, we work with lenders who look at your current situation, not just your credit history. Use a higher rate (15-25%) in the calculator for a realistic estimate.
What is the difference between secured and unsecured personal loans?
A secured personal loan requires an asset (like a car or term deposit) as security, resulting in lower interest rates. An unsecured loan does not require security but typically has higher rates. If you have assets to secure the loan, you may get better rates.
Explore Personal Loan Options
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