Loan Repayment Calculator

Using our Loan Repayment Calculator is the quickest way to estimate what your repayments could look like before applying for finance. It’s designed to give you a clear picture of your potential loan costs, interest charges and repayment options so you can compare lenders with confidence.

1. Enter your loan amount Start by entering the amount you’re looking to borrow. This could be for a car, caravan, boat, personal loan or any other type of finance.

2. Add your interest rate If you already have a rate in mind, enter it here. If not, you can use an estimated rate to see how different interest rates affect your repayments.

3. Choose your loan term Select how long you want the loan to run for. A longer term usually means lower repayments but more interest over time, while a shorter term reduces total interest.

4. Add a balloon (optional) If your loan type allows it, you can include a balloon or residual amount. This reduces your regular repayments but leaves a final lump sum at the end of the loan.

5. Select your repayment frequency Choose whether you want to calculate repayments weekly, fortnightly or monthly. The calculator automatically adjusts the formula so you can compare repayment schedules.

6. Click “Calculate” Your estimated repayments will appear instantly, along with:

• Total interest payable

• Total principal

• Total repayments over the full term

This gives you a clear breakdown of the true cost of the loan.