Personal Loan Repayment Calculator
Estimate repayments for personal loans in Australia and understand the real budget impact before you apply. Model different amounts, terms and fees, compare secured vs unsecured options, and choose a structure that suits your goals — from debt consolidation to car purchases, renovations or travel.
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Calculate Personal Loan Repayments
Enter your loan amount, annualised interest rate, term (commonly 12–84 months) and any fees to see weekly, fortnightly or monthly repayments. The calculator uses standard amortisation (principal + interest) and includes any fees you add for a clearer total cost. Results are indicative only and not a quote.
Balance over time
Monthly repayment schedule
Why use this personal loan calculator?
Personal loans come in many flavours — fixed or variable, secured or unsecured, with different fee structures. This calculator helps you compare total cost, shape repayments to your pay cycle, and see how small changes to term or rate affect affordability. Use it to sanity-check your budget before requesting quotes from lenders.
What your scenarios reveal
Testing a few realistic cases turns a headline rate into a clear plan you can live with.
Budget fit
Check weekly, fortnightly or monthly schedules against rent/mortgage, utilities and everyday spending.
Total cost clarity
See how term length and fees change lifetime interest paid — not just the repayment amount.
Rate sensitivity
Apply a ±1–2% buffer to understand the impact of pricing differences between lenders.
Structure trade-offs
A secured loan may lower the rate but uses collateral; unsecured is faster and simpler but can cost more.
Decision confidence
Shortlist viable terms before you invest time gathering documents.
Eligibility context (to read results sensibly)
This tool models repayments — it doesn’t approve credit. Lenders weigh up these signals when pricing and deciding personal loans in Australia.
Income & employment
Stable PAYG income (recent payslips) or steady self-employed earnings (tax returns/NOA) support serviceability.
Credit history
A clean credit file with on-time repayments typically improves rate and approval odds.
Existing commitments
Credit cards, BNPL and other loans affect your debt-to-income (DTI) and borrowing capacity.
Loan purpose
Debt consolidation, car purchase, renovations or medical costs are common and may influence pricing.
Security (if secured)
Using a vehicle or savings as collateral can sharpen pricing but puts the asset at risk if you default.
Assumptions, pricing and fees (read before you compare)
Focus on total cost and repayment reality, not just the rate. Consumer lenders use different fee mixes — this calculator helps you normalise them for fair comparison.
Fixed vs variable
Fixed gives certainty over the term; variable can move with market changes.
Comparison rate
Shows interest plus most fees to help compare offers fairly. Always review the fine print.
Fees matter
Include establishment, monthly service, direct-debit and any early-repayment/exit fees in your scenario.
Extra repayments
Some fixed loans allow free extra repayments; others charge fees — check your contract.
Secured vs unsecured
Secured can lower the rate; unsecured is faster/simpler but may carry higher pricing.
What you can model here (and how to interpret it)
Pick the closest structure to the offer you’re considering, then use the outputs to judge affordability and total cost.
Unsecured personal loan
No collateral required; quick to set up. Usually higher rates than secured.
Secured personal loan
Backed by a vehicle or savings/term deposit; can reduce rate. Asset at risk if you default.
Car loan (consumer)
Purpose-based loan for a car purchase. Often fixed rate; vehicle generally used as security.
Debt consolidation loan
Roll multiple debts (credit cards/BNPL) into one repayment. Ensure the new total cost is lower.
Green/renovation/holiday loan
Purpose-based personal loans for solar, home improvement or travel. Compare fees carefully.
From estimate to offer in four practical steps
Use the calculator to shortlist viable terms/structures, then move to quotes when the model fits your budget.
1) Add your details
Amount, rate (APR), term and all known fees. Toggle repayment frequency to match your pay cycle.
2) Stress-test scenarios
Try shorter vs longer terms and a higher rate buffer to confirm resilience.
3) Reality-check your budget
Map repayments against rent/mortgage, bills and savings goals. If tight, consider a cheaper structure.
4) Request quotes
We compare lenders and return suitable offers with transparent pricing and terms.
Documents that speed up approval
Supplying clean, recent info helps lenders assess quickly and can improve pricing.
Identification
Driver licence and secondary ID.
Income evidence
Recent payslips and/or bank statements for PAYG; tax returns/NOA and business bank statements for self-employed.
Liabilities
Statements for credit cards, BNPL, personal or car loans to confirm balances and limits.
Purpose details
Quotes/invoices (car, renovations) or account statements (debts to consolidate) where relevant.
Security details (if secured)
Vehicle details or savings/term-deposit information used as collateral.
Pro tips to lower cost and lift approval odds
The right structure and term often matter more than chasing tiny rate differences.
Right-size the amount
Borrow only what you need to reduce interest and improve approval likelihood.
Pick the shortest workable term
Shorter terms raise each repayment but cut total interest materially.
Consider secured if you own an asset
Security may sharpen pricing — just weigh the risk to the asset.
Make extra repayments (if allowed)
Even small extras can save significant interest and shorten the term.
Compare 3–5 lenders
Policies and fees vary widely — compare on total cost, not just the rate.
Personal loan calculator FAQs
Does this calculator include fees?
It includes the fees you enter. Add establishment and ongoing fees for a truer total cost.
What’s the difference between interest rate and comparison rate?
The comparison rate includes most fees, helping you compare offers fairly. Always check the assumptions used.
Can I repay a fixed personal loan early?
Many lenders allow early payout or extra repayments, but some charge fees — check your contract.
Will applying hurt my credit score?
A hard enquiry is recorded when you apply. Comparing through us can help you shortlist suitable lenders first.
Are results a formal offer?
No — figures are indicative only. Final pricing depends on your credit profile, income, expenses and the lender’s assessment.