Personal Loans Australia Personal Loan Repayment Calculator
Calculate repayments with our Personal Loan Calculator. Compare loan terms, view repayment schedules, and plan your personal finance with confidence.
Calculator results are estimates only and not quotes. Actual quotes will be provided by licensed brokers after you submit an enquiry.
Personal Loan Details:
Important!
Personal Loan Interest Rates differ from lender to lender and will depend on your individual circumstances (credit history, employment status, age, etc.). To find out if you qualify ... and for a free, personalised interest rate and repayment quote,
please CLICK HERE
Personal Loan Amortisation Calculator
The following amortisation graphs detail month-by-month data on the progress of the proposed loan. The first chart below examines the reducing loan balance over the course of the finance contract term. The second graph illustrates the portion of each monthly repayment allocated to payment of interest vs principal reduction.
How to use our Personal Loan Repayment Calculator
Our Personal Loan Repayment Calculator helps you estimate your ongoing loan repayments and the total cost of borrowing before you apply. By adjusting the loan amount, loan term and interest rate, you can compare scenarios and choose a repayment level that better fits your budget. It also provides an amortisation view so you can see how each repayment is split between interest and principal over time.
Important note for ASIC compliance: this calculator provides general information only and does not take into account your objectives, financial situation or needs. Results are estimates and may not include lender fees, comparison rates, commissions, insurance, redraw features, or changes to your interest rate. Always check a lender’s final quote and loan contract before deciding.
How to complete the form for the best result
1. Loan Amount Required: Enter the total amount you want to borrow in Australian dollars as a whole number (no decimals or commas). Use the amount you actually need, not the maximum you might be approved for, to avoid overpaying interest.
2. Term of Loan: Select the number of years you plan to repay the loan over. A longer term can reduce the monthly repayment, but typically increases the total interest paid over the life of the loan.
3. Interest Rate: Choose an annual interest rate for the simulation. If you have a lender quote, use that rate. If not, test a conservative range to understand best case and worst case outcomes.
4. Calculate: Click the calculate button to generate your results.
How to interpret the results
1. Repayment estimate: Treat the repayment figure as your baseline commitment. Stress-test your budget by increasing the rate or shortening the term to see if repayments remain affordable.
2. Amortisation and graphs: Review the month-by-month amortisation view and charts to understand how the balance reduces and how early repayments often include a higher interest portion, shifting toward more principal over time.
3. Compare scenarios: Re-run the calculator with different terms and rates to balance affordability (cash flow) against total interest (overall cost).
Have you ever heard the term loan refinancing and wondered what it actually means? Simply put, refinancing a loan involves replacing your current loan with a new one, typically to take advantage of better terms, such as lower interest rates or different repayment conditions. - read more
As Australians navigate the complex world of finance, understanding the nuances of borrowing can make a significant difference in one’s economic well-being. Being credit-savvy is not just about securing a loan; it's about making informed decisions that align with your long-term financial goals. In this pursuit, comparing loan options emerges as a crucial step for the financially conscious Australian. - read more
When considering personal finance in Australia, personal loans are a handy resource for achieving various financial goals, from consolidating debt to funding a major purchase. Yet, it's essential to approach this financial tool with caution and understanding. Proper comparison of personal loans can be the difference between a financial stepping stone and a stumbling block. - read more
In July 2025, Australia witnessed a significant uptick in mortgage demand, marking a 6.4% increase compared to the same month in 2024. This surge is primarily driven by a notable rise in refinancing activities, which accounted for 36.2% of total mortgage enquiries during the period. - read more
In June 2025, Australia's non-financial business lending reached a record $1.14 trillion, reflecting a 9.2% increase compared to the same month in 2024. This growth rate nearly doubles that of housing credit, which expanded by 5.6% year-on-year, highlighting a renewed appetite for corporate borrowing. - read more
In the year leading up to July 2025, Australians conducted over $160 billion in mobile wallet payments, marking a substantial shift towards digital banking. The Australian Banking Association's (ABA) 2025 'Bank on It' report reveals that the number of mobile wallet transactions surpassed four billion, outnumbering ATM withdrawals by more than eleven times. - read more
Find out now if you qualify and compare
rates, offers and options from multiple lenders - without a credit check!
All finance quotes are provided free (via our secure server) and without obligation. We respect
your
privacy.
Knowledgebase
Hedge Fund: An alternative investment vehicle that uses pooled funds to employ different strategies to earn active returns, or alpha, for their investors.
