Personal Loans
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Personal loan calculator - Estimate your repayments
Can you afford a personal loan? RateCity's calculator can help you work out how much your personal loan repayments may cost you, so you can find loans that may suit your budget.
Your estimated repayment would be
per
for
Total interest to pay
$2,896
Total amount to pay
$22,896
Based on your details, you can compare the following personal loans
Compare and review personal loans with similar features View All >
Based on your details, you can compare the following personal loans
Product | Advertised Rate | Comparison Rate* | Company | Repayment | Upfront Fee | Ongoing Fee | Loan amount | Go to site | |
|---|---|---|---|---|---|---|---|---|---|
From 7.50% Fixed | 9.51% |  Tier 1 Personal Loan - Fixed Repayments (Unsecured) | $622 monthly over 3 years | 3% of loan amount | $0 | $5k to $50k | More details | ||
6.79% Variable | 8.83%* |  Unsecured Personal Loan (Excellent Credit Rating) (3 Years Term) | $616 monthly over 3 years | $299 | $0 | $2k to $45k | More details | ||
Headline rate 12.69% Variable | 13.56% |  Unsecured Personal Loan | $671 monthly over 3 years | $150 | $10 Monthly | $5k to $55k | More details | ||
12.45% Fixed | 13.32% |  Personal Loan Fixed | $669 monthly over 3 years | $150 | $30 Quarterly | $5k to $50k | More details | ||
8.99% Fixed | 9.13% |  Personal Loan - Personal Loan | $636 monthly over 3 years | $100 | $0 | $5k to $30k | More details | ||
From 7.95% Fixed | 9.56% |  Unsecured Joint Personal Loan | $626 monthly over 3 years | $495 | $13 Monthly | $5k to $40k | More details |
ANZ Personal Loan
Advertised Rate
12.45%
Fixed
Comparison Rate*
13.32%
Personal Loan Fixed
Can apply onlineCan apply in branch
Go to sitePromotedANZ terms and conditions
Why should I use a personal loan calculator?
Whether you’re looking for a personal loan to pay for a purchase, cover expenses, or consolidate other debts, it pays to know what you’re getting into before you sign on the dotted line.
Use RateCity’s Personal Loan Calculator to work out how much a personal loan may cost you. Check different interest rates, loan terms and repayment schedules to estimate the impact a personal loan could have on your budget.
You can also compare personal loans that may match what you’re looking for. You may even find loans that offer cheaper deals!
How do I use a personal loan calculator?
- Enter how much you’d like to borrow – The bigger your loan, the harder it may be to easily pay back.
- Select your preferred interest rate – The lower the rate, more affordable your loan’s repayments may be. Some personal loans advertise interest rates lower than 5% p.a., though these loans are more likely to have extra terms and conditions.
- Choose monthly, fortnightly, or weekly repayments – Choosing a repayment schedule that suits your pay cycle could help make budgeting simpler. Plus, more frequent repayments could help reduce the total interest you’ll pay.
- Choose a loan term – A shorter personal loan means your repayments may be higher, but you should be out of debt sooner and pay less total interest. A longer personal loan means each repayment may be more affordable, but your loan may cost you more in total interest.
- Compare personal loans – Look for personal loan options that offer similar interest rates to your calculation. Remember, the best personal loan for you may not be the cheapest. Be sure to check a personal loan’s fees, features and other benefits before you apply, to make sure it suits your needs.
RateCity’s Personal Loan Calculator offers estimates only, and does not include fees and other charges. Variable interest rates may change over time, and affect the cost of your personal loan repayments. Products are not recommendations. You may not be eligible for every personal loan offer. Consider contacting a financial counsellor for professional advice about whether a personal loan is right for you.
Alex is a personal finance writer and PR professional at RateCity, and has been writing about finance for over three years. She is passionate about closing the gender pay and superannuation gap, and aims to help young Aussies to overcome their financial apathy and better manage their finances. Alex has been published in numerous print and online outlets, including Money Magazine, Lifehacker Australia, and Business Insider.
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