Calculate your personal loan repayments instantly. Adjust the loan amount, interest rate, term, and repayment frequency to see what your repayments could look like. Adjust your loan details Repayment comparison Switching from monthly to weekly repayments could save you $42 in interest over the life of this loan. Balance over time What your scenarios reveal Adjust the loan amount See how borrowing more or less changes your repayments. A $5,000 difference in loan amount can shift your monthly repayment by $80-120 depending on the rate and term. Test different interest rates Even a 1% difference in interest rate has a meaningful impact. On a $15,000 loan over 5 years, the difference between 8% and 10% is about $800 in total interest. Shorten or extend the term A shorter term means higher repayments but less total interest paid. A longer term lowers your repayments but increases the overall cost. Try 3 years vs 5 years to see the trade-off. Compare repayment frequencies Switching from monthly to fortnightly or weekly repayments can save you interest because the balance reduces faster. The comparison table shows all three side by side so you can see the difference. What lenders look at Your income and expenses

Lenders assess your ability to service the loan based on your income, existing debts, and living expenses. They want to see that repayments are affordable for you. Your credit history Your credit score and repayment history influence the rate you are offered. A stronger credit history generally means access to more competitive rates. Most personal loans are multi-purpose, but lenders may ask what the funds are for. Some purposes (e.g. debt consolidation, home improvements) may qualify for better rates than others. Employment stability Lenders prefer applicants with stable employment. Most look for at least 3-6 months in your current role, though some lenders are flexible for contractors and self-employed borrowers. Ready to explore your personal loan options? See personal loans from 50+ lenders and find a rate that works for you. Subject to lender approval, terms and conditions apply. Save your calculation Enter your email and we'll send you a link to this calculation so you can revisit it later. Other calculators Frequently asked questions Results are estimates only and should not be relied upon for financial decisions. Actual personal loan repayments will depend on the lender, your credit profile, and the specific terms offered. Interest rates used are for illustration purposes only and may not reflect current market rates. Subject to lender approval, terms and conditions apply. This calculator is general information only and is not financial advice.