Personal Loan Calculator
Updated on 30 June, 2022
Calculate Personal Loan Repayments
Calculate repayments on a personal loan and see the total cost in interest over that time. To calculate your car loan repayments visit our car loan calculator page.
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Personal loan repayments are based on the amount of money you have originally borrowed, the interest rate of the loan, the fees and charges and the term of the personal loan. The comparison rate of your personal loan is an estimate of the total costs of your loan including the interest rate plus all fees suchas the establishment fee, regular or monthly fees and exit charges. You can use this personal loan calculator to estimate loan repayments on an unsecured loan or secured personal or car loan.
The total cost of a secured or unsecured personal or car loan is determined by the interest rate, the term of the loan and all the fees. The personal loan comparison rate is an estimate of the total cost of a personal loan that includes the interest rate plus all fees. The total cost in interest over time will be higher if the interest rate is higher and the term of the loan is longer. A shorter loan will not accrue interest for as long as a longer loan. A low-rate loan will add less interest to your loan debt every month than a high-rate personal loan.
Loan repayments on a secured or unsecured personal loan are often fixed. Personal loans