Free Tool · Credit & Debt

Personal Loan Calculator

Enter your loan amount, interest rate, and term to see your repayments and total cost — then compare different terms and rates to find what works for you.

Your loan details
$
Unsecured loans have no collateral — higher rates but no asset at risk.
Estimate only. Uses standard amortisation. Does not include establishment fees, monthly fees, or early repayment charges. Always check the comparison rate with your lender.
Monthly repayment
$483.94/month
$15,000 over 3 years at 9.99% p.a.
Total interest
$2,422
Total amount paid
$17,422
Loan type
Unsecured
Interest as % of loan
16%
Cost breakdown
Loan principal
$15,000
Total interest
$2,422
Total cost of loan
$17,422
Balance and cumulative interest over time
Outstanding balance
Cumulative interest paid
Over the life of this loan you'll pay $2,422 in interest — 16% on top of your $15,000 principal. Use the comparison below to see how a different term or rate affects your total cost.
How term and rate affect your cost
Compare loan terms — at 9.99% p.a.
TermRepaymentTotal interestTotal paid
1 yr$1,318.67/mo$824$15,824
2 yr$692.10/mo$1,611$16,611
3 yr ✦$483.94/mo$2,422$17,422
4 yr$380.37/mo$3,258$18,258
5 yr$318.63/mo$4,118$19,118
7 yr$248.94/mo$5,911$20,911
Compare interest rates — over 3 years
RateRepaymentTotal interestTotal paid
6%$456.33/mo$1,428$16,428
8%$470.05/mo$1,922$16,922
10%$484.01/mo$2,424$17,424
12%$498.21/mo$2,936$17,936
15%$519.98/mo$3,719$18,719
20%$557.45/mo$5,068$20,068
Go deeper with Credit & Debt lessons
You've seen the repayments —
now understand the full cost of borrowing

The interest rate is only part of the story. These lessons cover comparison rates, what lenders look for, and when a personal loan actually makes sense.

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Lesson 4 · Credit & Debt
HECS/HELP Debt Explained
Free
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Lesson 5 · Credit & Debt
Personal Loans: When They Make Sense
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Lesson 1 · Credit & Debt
How Your Credit Score Is Calculated
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