Australia Loan Calculator — AUD Payment in 10 Seconds (Free)

Currency

Loan Amount (AUD)

Interest Rate (%)

Loan Term (months)

Monthly Payment

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Total Payment

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Total Interest

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How Australian credit contracts usually behave

Licensed lenders offer personal loans, car finance, and home loans in Australian dollars under National Consumer Credit Protection rules. Most fixed instalment products amortise so you pay the same amount each month while the split between interest and principal shifts over time.

Lenders advertise a per annum rate plus a comparison rate that folds in certain standard fees so shoppers can rank offers. This page does not calculate comparison rates—it models principal and interest from the numbers you type.

Why rates differ so much

Unsecured personal credit prices in risk: credit score, income stability, and existing commitments all matter. Secured car loans use the vehicle as collateral and often cost less. Home loans track RBA cash-rate moves, loan-to-value ratio, and whether you pay principal and interest or interest-only for a period.

Try a few “what if” settings here before you lock in—especially on long home loans where a quarter-point change adds up.

Practical inputs for AUD estimates

Use the drawn amount after any deposit or trade-in equity. If establishment fees are capitalised, include them in principal. Select AUD so formatting matches everyday banking apps.

For dedicated pages, try the mortgage calculator for owner-occupied loans, the car loan calculator for vehicle finance, and the business loan calculator for straight term-style business borrowing.

Frequently asked questions

What is a comparison rate?

It blends the interest rate with specified fees to express a single percentage for comparison shopping. Your true cost can still vary if you redraw, pay late, or face other charges.

How long do Australians usually finance?

Personal loans often run one to seven years; car loans three to seven; owner-occupied mortgages frequently amortise over 25–30 years.

Will this match my bank’s repayment?

Close, but not always exact. Lenders may use daily balances, different rounding, or bundled products. Treat LoanWise as a planner, not a contract.

Can I model interest-only home loans?

This tool assumes principal and interest for the whole term. Interest-only periods need separate maths.

Does responsible lending affect me?

Lenders must verify you can repay without hardship. Your actual approved amount may be below what a raw calculator suggests.