Money
Loan Repayment Calculator
Calculate the monthly repayment, total interest and total amount paid on a personal, car or small business loan.
$
% p.a.
years
Works for personal, car or small business loans. Assumes a fixed rate with equal monthly principal & interest repayments.
Monthly repayment
$615.5
Over 5 years at 8.50% p.a.
Total interest$6,930
Total paid$36,930
How it works
Uses the standard amortising P&I formula at a fixed rate. Each monthly payment includes both interest on the remaining balance and principal repayment.
Frequently asked questions
- Does this include fees?
- No — application, monthly account and early repayment fees aren't included. Add them to the loan amount or compare with the comparison rate.
- What's the difference between this and a mortgage calculator?
- The math is the same, but personal/car/business loans typically have shorter terms and higher rates than home loans.