Personal Loan Calculator
Calculate Your Personal Loan Interest and Repayments
Paying Off Your Personal Loan
Our personal loan calculator can help you understand what your monthly, fortnightly or weekly personal loan repayments could be. Simply enter the amount, loan term, interest rate, repayment frequency and type.
Repayment settings have limited the savings options available. An Interest only repayment type usually does not allow any extra repayments to be made.
Extra Repayment Amount
Offset Account Amount
Lump Sum Amount
Lump Sum Year
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan or product. Results are based on information you have provided and does not take into account your personal circumstances. Using this calculator does not guarantee you will be eligible for a loan. You will need to satisfy your lender’s lending criteria. This calculator is not intended to be your sole source of information when making a financial decision. It is advised that you consult a professional financial advisor before taking out a loan.
Personal Loan Tips
Make More Payments
Making extra repayments on your personal loan will save you money in interest and decrease the overall term of the loan. Make fortnightly payments instead of monthly to pay off your debt faster.
Round Up the Payments
Rounding up your repayments is an effortless way to pay back your loan faster. If your loan repayment is $265 a month, you can round up your repayment to $300. That’s an extra $420 off your loan per year.
Set Up Automatic Payments
Setting up automatic payments for your personal loan will help you avoid late fees and ensure the loan is always paid on time. If you can, pay your personal loan repayments as soon as your pay check arrives.
Make Lump Sum Payments
If you receive a windfall such as a tax return, inheritance, lottery win or cash gift, putting this lump sum into your loan can guarantee you pay off your personal loan faster. You may even be able to pay it out in full.