Further information

Before applying for a personal loan, you will be required to complete a suitability assessment to ensure that it is likely that a personal loan will meet your needs and objectives.

The above calculations are estimates. The estimated repayment amounts, and the estimated total interest payable are indicative only and are based on current interest rates and the length of the loan chosen by you.

The actual repayment amounts, and total interest payable may be higher or lower depending on the date you draw down your loan, the length of your loan (and any changes made to it at any time), and interest rate changes during the term of your loan.

Interest rates are variable. View our latest interest rates and fees. If the variable interest rate changes or if you do not make all your monthly repayments in full and on time, the actual repayment amounts, and the total interest paid may be higher.

If the variable interest rate changes, the length of the loan may also become longer (unless you already have the maximum loan term of 60 months).

How the calculator works

We have made some assumptions to calculate your approximate repayments. Those assumptions include:

There are no changes to the loan amount, and you don’t borrow any extra on this loan.
You don’t make any additional lump sum repayments or increase your regular repayments above the standard repayments (but you could choose to do this to reduce the term and interest charges if your loan allows).
You make all your repayments in full and on time.
The interest rate remains the same for the term of your loan. Note that in reality, interest rates could change over time.