Personal Loans Calculator

Latest Personal Loan Reviews

Repayment Calculator

Before applying for a personal loan, it is a good idea to use our loan calculator above. It will give you a good indication of your weekly repayments, based on the amount you wish to borrow. It will also allow you to see how long the loan will last, or the term of the loan. Personal loans with Money3 are generally over a 2-year period, when borrowing under $6,000, however in some cases the loan may be over 3 years, depending on your affordability. Personal loans over $6,000 are generally over a 3-year term.

If you are interested in a secured loan with Money3, click on the 'Car Loans' tab above, when using the calculator. As the loan will be secured, usually against a vehicle, the loan rate is generally lower than a similar personal loan without security with Money3. Also, while our personal loans range from $2,000 up to $30,000, our car loans or secured loans can go up to $75,0001, depending on the affordability of the loans.

1. Subject to verification, suitability and affordability

Personal Loan Costs FAQs

A loan calculator is a tool which allows you to estimate what your repayments would be, based on the amount of money you wish to borrow.

The personal loan calculator tool above can give you a good estimate what your repayments would be2, based on the amount you wish to borrow. Simply select your repayment frequency, for example, select weekly if you are paid weekly and monthly if you are paid monthly. Next move the loan slider left or right to choose a loan amount. The calculator will then display an estimate of what your repayments would be for the amount borrowed.

See the Example Loan Costs Chart below to get an indication of the costs for your loan with Money3.

In most cases, personal loans can be used in the same way as cash loans. Your cash loan, or personal loan will be paid into your bank account, up to $30,000. Cash loans can be used for numeroous purposes from paying emergency bills, medical expenses, travel or holiday costs and a lot more.

However, we do not offer short term loans or payday loans, which are often referred to as fast cash loans.

1. Subject to verification, suitability and affordability

The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Information such as interest rates quoted, and default figures used in the assumptions are subject to change.

Example Personal Loans Costs Chart

BorrowCostsRepay
$5,000$2,110$7,110
24 months at 16.95% APR & 37.39% Comparison Rate
$7,500$5,042$12,542
36 months at 16.95% APR & 37.39% Comparison Rate
$10,000$6,427$16,247
48 months at 16.95% APR & 35.44% Comparison Rate

EXAMPLE: A platinum unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,109.60 and a total repayment of $7,109.60. The Minimum loan term is 12 months and the Maximum term 24 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 16.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 37.39%.
EXAMPLE: A platinum secured personal loan of $25,000 for 60 months has fees and charges totalling $14,850.43 and a total repayment of $39,850.43. The Minimum loan term is 24 months and the Maximum term 60 months. The term will be 60 months if you repay monthly, 130 fortnights or 260 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 20.38%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. Australian Credit Licence 389067.

More Personal Loan Options

After reviewing the cost of your personal loan, head over to the following pages.

* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments