Australian Loan Repayment Calculator

Last updated: June 2025

Planning to take out a personal loan or finance a car purchase? Our free loan repayment calculator helps you understand exactly what you will pay before you commit. Simply enter the loan amount, interest rate, and term to instantly see your weekly, fortnightly, or monthly repayments. Compare different scenarios to find a loan structure that fits your budget, and connect with a licensed broker to find competitive rates from multiple lenders.

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Results are estimates for informational purposes only and do not constitute financial advice. Please consult a licensed financial adviser before making any financial decisions.

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How It Works

1

Enter Loan Details

Input your loan amount, interest rate, and loan term.

2

View Your Repayments

See your estimated weekly, fortnightly, or monthly repayments instantly.

3

Compare Offers

Connect with a broker to compare loan offers and find the best rate.

Frequently Asked Questions

Personal loan interest rates in Australia typically range from 6% to 20% depending on the lender, your credit score, and whether the loan is secured or unsecured. As of 2025, competitive rates for borrowers with good credit sit around 7-10% for unsecured personal loans.
Loan repayments are calculated using the loan amount, interest rate, and loan term. The formula accounts for compound interest, spreading your total repayment (principal plus interest) evenly across the loan term. Our calculator uses the standard amortisation formula used by Australian lenders.
Yes, most Australian lenders allow early repayment of personal loans. However, some lenders charge early repayment fees, especially for fixed-rate loans. Check your loan contract for any break costs or early exit fees before making extra payments.
A secured loan is backed by an asset (like a car or property) that the lender can claim if you default. Unsecured loans have no collateral, making them riskier for lenders and typically resulting in higher interest rates. Secured loans often offer lower rates but put your asset at risk.
A longer loan term means lower regular repayments but more total interest paid over the life of the loan. A shorter term has higher repayments but saves money on interest. For example, a $20,000 loan at 10% costs about $2,748 in interest over 3 years but $5,496 over 5 years.
Common fees include establishment fees ($100-$400), monthly service fees ($5-$15), early repayment fees, late payment fees, and redraw fees. Always check the comparison rate, which includes most fees, to get a true picture of the loan cost.
Car loans are a type of secured personal loan where the vehicle serves as collateral. They typically offer lower interest rates than unsecured personal loans because the lender can repossess the car if you default. However, the car must meet certain age and value requirements.
Focus on the comparison rate rather than just the advertised rate, as it includes most fees. Consider loan features like redraw facilities, extra payment options, and flexibility. Check for hidden fees and read reviews. A mortgage broker can help you compare multiple offers at once.

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