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Personal Loan Calculator

Work out your weekly, fortnightly or monthly personal loan repayments, the total interest and the yearly rate including any establishment fee.

$
%
More options
$

Charged by the lender up front

Monthly payment

$317.95

36 payments on $10,000 at 8.99%

Total interest
$1,446
Total repaid
$11,446
What the loan costs
  • Amount borrowed$10,000
  • Interest$1,446

What this means

You’d pay back $11,446 for $10,000: $1,446 of it is interest.

Compare loans by their APR, which includes fees as well as interest, and borrow over the shortest time you can afford: longer loans have lower payments but cost more.

Next step

Breakdown

Loan amount$10,000.00
Amount repaid over the loan$10,000.00
Interest$1,446.24
Total repaid$11,446.24
Total cost of borrowing$1,446.24

About the rate

New fixed-term personal loans averaged 8.99% a year in July 2026 (Reserve Bank of Australia).

The rate you’re offered depends mostly on your credit history and income. When comparing offers, look at the APR, which includes fees: with this loan’s fee, the APR is 8.99%.

Principal and interest paid each year
$3,815$1,908$0
123
PrincipalInterest
Assumptions in this estimate
  • Assumes a fixed rate and equal repayments, with interest worked out on each repayment.
  • The APR here includes the up-front fee you enter. Lenders may include other costs, so their APR can differ slightly.
  • Late payment charges, insurance and early repayment fees aren’t included.
Spotted a mistake? Tell us

How the calculator works

  1. Your repayments: worked out so equal payments repay the loan, with interest, by the end of the term.
  2. The establishment fee: if your lender charges one, enter it under More options. It’s either taken from the loan, paid up front, or added to the loan.
  3. The rate including fees: the yearly rate including the fee, so you can compare offers fairly.

Shorter or longer?

Borrowing $10,000 at 8.99%:

Loan length Monthly repayment Total interest
3 years $317.95 $1,446
5 years $207.54 $2,452

New fixed-term personal loans averaged 8.99% a year in July 2026, according to the Reserve Bank of Australia.

Last updated

Frequently asked questions

How much would a $10,000 loan cost?

At 8.99% over three years, $317.95 a month and $1,446 of interest, before any establishment fee.

What is the difference between the interest rate and the rate including fees?

The interest rate is what you pay on the balance. The rate including fees also includes up-front fees, so it's the better figure for comparing loans. With no fees, they're the same.

Is a longer loan better?

It lowers each repayment but costs more interest in total. On $10,000 at 8.99%, five years costs $2,452 of interest against $1,446 over three years.

How can I get a lower rate?

A good credit history usually gets a lower rate, and a secured loan (against a car, for example) is often cheaper than an unsecured one. Lenders must also show a comparison rate, which includes most fees.