Total Lifestyle Credit personal loan repayment calculator

Thinking about taking out a personal loan with Total Lifestyle Credit? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Total Lifestyle Credit personal loans compare with other options.

I'd like to borrow

$

Loan term

Credit Score ()

Your estimated repayment

at interest rate 10.00 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

Total Lifestyle Credit personal loans rates

Product
Advertised Rate
Comparison Rate*
Repayment
Upfront Fee
Features
Go to site
Company

6.45%

Fixed up to 10.49%

6.45%

$613

based on $20,000 loan amount for 3 years

$0

up to $950

Redraw facility
Extra repayments
Fully drawn advance
Secured
Liberty Financial
More details

5.75%

Variable

6.47%

$606

based on $20,000 loan amount for 3 years

0%

of loan amount up to 5%

Redraw facility
Extra repayments
Fully drawn advance
Secured
Symple Loans
More details

6.49%

Fixed up to 8.99%

6.84%

$613

based on $20,000 loan amount for 3 years

$149

up to $599

Redraw facility
Extra repayments
Fully drawn advance
Secured
Plenti
More details

6.95%

Fixed up to 17.95%

6.95%

$617

based on $20,000 loan amount for 3 years

$0

Redraw facility
Extra repayments
Fully drawn advance
Secured
NOW Finance
More details

6.99%

Fixed up to 9.49%

6.99%

$617

based on $20,000 loan amount for 3 years

$0

up to $995 Establishment fee from 0%

Redraw facility
Extra repayments
Fully drawn advance
Secured
SocietyOne
More details

6.75%

Fixed

7.10%

$615

based on $20,000 loan amount for 3 years

$250

Redraw facility
Extra repayments
Fully drawn advance
Secured
OurMoneyMarket
More details

6.95%

Fixed

6.95%

$617

based on $20,000 loan amount for 3 years

$0

Redraw facility
Extra repayments
Fully drawn advance
Secured
Alex
More details

6.49%

Fixed up to 19.49%

7.75%

$613

based on $20,000 loan amount for 3 years

$140

up to $250 . $140 for loans < $5000. $250 for loans > $5000

Redraw facility
Extra repayments
Fully drawn advance
Secured
Latitude Financial Services
More details

6.81%

Variable

7.80%

$616

based on $20,000 loan amount for 3 years

$199

Redraw facility
Extra repayments
Fully drawn advance
Secured
P&N Bank
More details

7.95%

Fixed up to 8.5%

8.22%

$626

based on $20,000 loan amount for 3 years

$195

Redraw facility
Extra repayments
Fully drawn advance
Secured
Wisr
More details

Learn more about Total Lifestyle Credit

What's a credit report?

A credit report is a record of your credit history, which covers your credit enquiries, borrowings and your repayments. The report will include information about any bankruptcies or other relevant legal judgements. It will also include biographical information such as your address, date of birth, driver's licence number and employment history. 

How are credit ratings/scores calculated?

Different credit reporting bodies may use different formulas to calculate credit scores. However, they use the same type of information: credit history and demographic profile.

They’re likely to look at how many credit applications you’ve made, which lender the applications were for, what purpose they were for, how much they were for and your repayment record. They’ll also look at your age and postcode. They’ll also look to see if you’ve had any bankruptcies or other relevant legal judgements against you.

Your score can change if your demographic profile changes or new information is added to your file (such as a new loan application) or existing information is removed from your file (i.e. because it has reached its expiry date).

Will comprehensive credit reporting change my credit score?

Comprehensive credit reporting may change your credit score, either positively or negatively, depending on an individual's situation.

Under comprehensive credit reporting, credit providers will share more information, both positive and negative, about how you and other Australians manage credit products. That means credit reporting bureaus will be able to make a more thorough assessment of everyone’s credit behaviour. That will lead to higher scores for some consumers and lower scores for others.

What is a credit rating/score?

Your credit rating or credit score is a number that summarises how credit-worthy you are based on your credit history.

The lower your score, the more likely you are to be denied a loan or forced to pay a higher interest rate.

Can single mothers get personal loans online?

Many lenders offer online applications for personal loans, which can be convenient for borrowers who have busy lives. If you’re not confident your personal loan application will be approved, you may want to consider contacting the lender by email, live chat, phone, or by visiting a branch, to discuss your situation before applying.

Can I repay a $3000 personal loan early?

If you receive a financial windfall (e.g. tax refund, inheritance, bonus), using some of this money to make extra repayments onto your personal loan or medium amount loan could help reduce the total interest you’re charged on your loan, or help clear your debt ahead of schedule.

Check your loan’s terms and conditions before paying extra onto your loan, as some lenders charge fees for making extra repayments, or early exit fees for clearing your debt ahead of the agreed term.

What do single parents need for a personal loan application?

Much like applying for other personal loans, applying for personal loans for single parents will likely require the following:

  • Proof of identity
  • Proof of residence
  • Proof of income
  • Details of assets (e.g. car, home)
  • Details of liabilities (e.g. credit cards, other loans)
  • Loan amount
  • Loan term

Do student personal loans require security?

While some personal loans can be secured by the value of an asset, such as a car or equity in a property, student personal loans are often unsecured, which typically have higher interest rates.

Some lenders also offer guarantor personal loans to students. These loans have lower interest rates, as a guarantor (usually a relative of the borrower with good credit) will fully or partially guarantee the loan, taking on the financial responsibility if the borrower defaults.

What is the average interest rate on personal loans for single parents?

Like other types of personal loans, the average interest rate for personal loans for single parents changes regularly, as lenders add, remove, and vary their loan offers. The interest rate you’ll receive may depend on a range of different factors, including your loan amount, loan term, security, income, and credit score.

Is it hard to improve your credit score?

It can be hard to improve your credit score, as it usually requires sacrifice and discipline, but hard doesn’t necessarily mean complicated. Some simple ways you can give your credit score a boost include closing extra credit cards, reducing your credit card limit, pay off any loans and make loan repayments on time.

As a general rule, the lower your credit score, the more remedies you can apply and the greater the scope for improvement.

What is an unsecured bad credit personal loan?

A bad credit personal loan is ‘unsecured’ when the borrower doesn’t offer up an asset, such as a car or jewellery, as collateral or security. Lenders generally charge higher interest rates on unsecured loans than secured loans.

When was comprehensive credit reporting introduced?

Comprehensive credit reporting was introduced to make credit reports fairer and more accurate. Under the previous system, credit providers only saw negative information about potential borrowers. Now, they're able to see both positive and negative information, which means that credit providers can see if a borrower’s negative credit behaviour is consistent or a mere one-off.

How long are $3000 loans?

Medium amount loans can be repaid between 16 days and 2 years. Many personal loans have terms between 1 year and 5 years, though some are as short as 6 months while others last for 10 years.

Generally, the shorter a loan’s term, the more expensive your regular repayments may be, but the less total interest you’ll pay. Loans with longer terms mean more affordable repayments, but more interest charges over the full term.

What causes bad credit ratings/scores?

Failing to repay loans and bills will damage your credit score. So will falling behind on your repayments. Your credit score will also suffer if you apply for credit too often or have credit applications rejected.

What do single mothers need to apply for a personal loan?

Like other personal loan applicants, single mothers will likely need to provide a few documents to any potential lender, such as personal identification, bank statements (savings, loans, credit cards), proof of address, and proof of income (payslips, tax returns).