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Before taking out a personal loan, it helps to know what your repayments will look like. Our personal loan calculator makes it easy to estimate your potential repayments, interest, and total costs – so you can make informed financial decisions with confidence.
If you’re planning a renovation, booking a dream holiday, or consolidating debt, this calculator gives you a quick overview of how much you could borrow and what it may cost over time.
Enter your loan amount, term, and credit score range, and let the calculator work.
Personal Loan Repayment Estimates
This table gives you an idea of how your loan term and interest rate can impact your repayments. A longer term may lower your monthly repayment but increase the total amount paid over time.
| Loan Amount | Loan Term | Estimated Interest Rate | Monthly Repayment | Total Interest Payable |
| $10,000 | 3 years | 9.5% p.a. | $321 | $1,532 (over 3 years) |
| $20,000 | 5 years | 11.0% p.a. | $435 | $6,091 (over 5 years) |
| $35,000 | 7 years | 12.5% p.a. | $628 | $17,689 (over 7 years) |
| $50,000 | 7 years | 13.5% p.a. | $924 | $27,553 (over 7 years) |
*Rates based on national averages for unsecured personal loans in Australia (average rate ~13.87% p.a.).
Figures are for illustration only, exclude fees, and assume a fixed rate for the full term.
Why Use a Personal Loan Calculator?
A personal loan calculator helps you understand how much your loan could cost before you apply. By adjusting your loan amount and term, you can see how different factors affect your regular repayments – and find a structure that suits your budget.
It’s an excellent tool for:
- Comparing loan options: Test various amounts, terms, and rates to find what’s realistic.
- Budget planning: Understand how your repayments fit with your monthly expenses.
- Avoiding surprises: Get a clear estimate of potential costs before committing.
Start Planning Your Personal Loan Today
Use our personal loan calculator to explore your options, then chat with our friendly team to turn your plans into action. Whether you’re upgrading your car, managing expenses, or financing something special, we’ll help you find a loan that fits your lifestyle.
Frequently Asked Questions
The calculator provides an estimate based on the details you enter, – including loan amount, term, and estimated credit score. Actual interest rates and repayments depend on lender assessments and credit criteria.
The results are an estimate only and may not include all fees. For a detailed breakdown of loan costs, including setup and administration fees, our brokers can provide an accurate quote from your chosen lender.
A personal loan can be used for almost any purpose, – from funding a renovation or wedding to consolidating debt or buying a new car. Our personal loan calculator helps you plan your repayments so you can borrow confidently and stay within your budget, no matter your goal.
Once you’ve estimated your repayments, our Inovayt brokers can help you compare lenders, negotiate rates, and guide you through the application process. They’ll make sure your personal loan fits your financial situation and long-term goals, saving you time and stress.
Work with an Inovayt Broker
At Inovayt, our mission is to provide lifetime financial solutions by thoroughly understanding your individual needs and goals. As such, we believe every client deserves our award-winning customer service. Our friendly team prioritises client satisfaction above all else, going above and beyond to help you achieve your financial goals. Regardless of what stage of the finance journey you’re on, our team provide quality advice to help you make informed and empowered financial decisions.
Our customer service extends far beyond your initial meeting, as we believe in nurturing you beyond the first transaction. Our brokers work hand in hand with you to ensure you receive the best possible outcome and are available to chat face to face, online, or via the phone at a time that suits you.
Our focus is always on achieving the best possible outcomes for our clients. Finding the right finance to match your goals and objectives is no easy task, so our friendly team work tirelessly to tailor a solution for you. We are solutions-driven, so we work hard to tackle any hurdles that may arise to ensure client satisfaction.
Why Choose Inovayt
Simple
We understand it can be daunting applying for finance, but it doesn’t have to be. Our experienced team can help you apply for all types of finance with little stress.
Flexible
We understand that everyone has different needs, schedules and availability. We’re happy to meet face to face, over the phone or online at a time that suits you.
Solutions-driven
Let us help you make your financial dreams a reality for now and into the future. Our end-to-end financial solutions can support you throughout any stage of your life journey.
