Personal Loan Calculator Australia — Repayments, Fixed vs Variable & More
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Your loan
Set loan amount and purpose.
Loan amount$20,000
$5,000$100,000
Purpose
Frequently Asked Questions
- What's the difference between a secured and unsecured personal loan?
- A secured loan requires collateral (like a car or savings), offering lower interest rates. An unsecured loan has no collateral requirement but typically charges higher rates because of the increased risk to the lender.
- Should I choose a fixed or variable rate personal loan?
- Fixed rates give you predictable repayments — ideal if you want certainty. Variable rates may start lower but can change. Use our Fixed vs Variable calculator to compare the total cost under different scenarios.
- How much can I borrow with a personal loan?
- Most Australian lenders offer personal loans from $2,000 to $50,000. Your borrowing limit depends on your income, expenses, credit score, and existing debts.