Personal Loan Calculator
Use a listed loan rate or your own figures to estimate repayments, borrowing power and the effect of paying extra.
Test your amount, rate and fees. You can compare a listed loan or enter your own figures.
Per selected repayment period, including known monthly fees.
5 years
Leave blank to use a standard repayment for the remaining term.
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More filters Optional
Choose a purpose, then a rate.
Loan details & conditions
Use the interest rate, not the comparison rate. Fees are entered separately below.
Not confirmed — excluded from this estimate.
Not confirmed — excluded from repayments and totals.
Want help with your options?
Tell us what you are considering and how you would like to be contacted. Your calculator scenario is included with your enquiry.
Personal Loan Finder is operated by Rate Challenge. No obligation to proceed.
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Using this calculator
Which rate should I enter?
Use the loan’s interest rate, not its comparison rate. Enter known upfront and monthly fees separately. A comparison rate already incorporates certain fees, so adding those fees again would overstate the cost.
Are all lender fees included?
No. For a listed loan, we only prefill current, verified unconditional upfront fees and eligible monthly fees. Unknown, expired, conditional and early-exit fees are excluded and labelled. In manual mode, enter the fees you know; a blank fee is treated as unknown, not as a verified zero.
How are repayments estimated?
We use a standard reducing-balance calculation at the selected rate. Monthly and fortnightly repayments use 12 and 26 periods per year. A monthly fee is spread across those periods, and an upfront fee is treated as paid separately. The rate is assumed to stay constant; lender rounding, daily interest and actual fee timing can produce different results.
Does borrowing power mean I will be approved?
No. It estimates a loan amount from your repayment budget, rate and term. It does not assess your income, expenses, debts or credit history. The lender determines your eligibility and the rate you receive.
Will extra repayments always save money?
Extra repayments can reduce interest and the loan term, but product restrictions and early-repayment charges may apply. These charges are not included in the savings estimate. Confirm your loan’s conditions first.