Personal Loan Calculator

See your estimated repayments per week/fortnight/month.

Compare personal loans with rates starting at 6.30% p.a. (comparison rate 7.06% p.a.) Instantly check your eligibility with 8 lenders online.

How to Use the Personal Loan Calculator

What Affects Your Personal Loan Repayments?

Loan Amount & Interest Rate – Larger loans and higher rates increase repayments.
Loan Term – Longer terms lower monthly repayments but may increase total interest paid.
Credit Score – A higher credit score can help secure better interest rates.
Loan Type – Fixed or variable-rate loans impact how repayments are structured.
Lender Fees – Some lenders charge additional fees, which can affect your total cost.

How to Lower Your Personal Loan Payments

Improve Your Credit Score – Better scores mean lower interest rates.
Compare Lenders – Shop around to find the most competitive loan options.
Choose a Longer Term – Spread repayments over more time to reduce monthly costs.
Refinance Your Loan – Switch to a lower-rate loan to save money.

The Difference Between Advertised Personal Loan Rates and Actual Personal Loan Rate:

The actual or ‘Front’ rate is for a profile applicant, and not everyone is qualified. The factors which may affect your eligibility include:

Your credit score.
Whether you have security on your loan. In the case of most personal loans, this will not be the case.
The amount that you are looking to borrow. Sometimes rates will be higher for smaller loans.

You may also notice differences between the Comparison Rate and the Initial Rate. The causes of these differences are as follows:

The initial rate is the raw interest rate as offered by the bank
The comparison rate factors in other costs like application fees, establishment fees, ongoing account-keeping fees, and discharge fees.