Personal loans
for

Repayment Calculator

Low rates starting from 6.25% p.a. (comparison rate 7.64% p.a.*)
with money in your bank account in as little as 60 minutes.

2 This comparison rate is based on an unsecured personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. $495 establishment fee and $10 monthly fee applies.

Trusted by thousands of Australians

Estimate your
repayments

Find out how much your repayments and
interest rate could be with our calculator

$

Monthly repayment from

$910.72

Example interest rate

6.25 %
p.a.

Comparison rate3

7.64 %
p.a.

Total charges

$1,857.28

Total repayments

$21,857.28

Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. Any calculations made by you using this calculator is intended as a guide only.

Awesome low
interest rates

We bet you’ll be happy with our rates
which start lower than the big 4 banks

*This comparison rate is based on an unsecured personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. $495 establishment fee and $10 monthly fee applies. Comparison as of: 30/07/2021

Applying is a
piece of cake

  • Easy online application with an
    outcome typically within 60 minutes

  • Once approved, we’ll transfer money
    to your bank account in seconds

  • Download our app to manage your
    account and repayments with ease

Ready to get
started?

Free Personal Loan Calculator

Forget ME Bank, CBA, ANZ: MoneyMe personal loans calculator has cheaper rates than the major banks. Apply online in under 5 minutes now and see for yourself. This free tool is useful when you are budgeting your personal loan repayments in order to check whether the personal loan you want will be suitable for your financial situation.

Personal Loan Repayment Calculator Tutorial

You’ll find on this page the personal loan calculator widget that allows you to select the personal loan amount, ranging between $2,100 and $50,000. Once you’ve selected the loan amount you want, you can then input your preferred loan repayment period, ranging between 1 month and 3 years. Certain loan amounts have pre-set personal loan repayment periods. For example, a $5,000 personal loan requires a repayment period between 3 months and 2 years. Once this has been selected, you will then need to choose a repayment frequency of either weekly or monthly repayments, depending on the size of the personal loan.

Planning To Apply For A Personal Loan

The MoneyMe personal loan widget also includes the option to input your MoneyMe Credit Rating when calculating your personal loan repayments. This rating is determined by your lending history with MoneyMe. When planning your personal loan repayments, we also recommend inputting a lower credit rating than you are likely to receive, to see if you can still repay the loan comfortably at that lower rating. For example, you might want to test that you can repay the loan at an A5 rating. That way if you’re approved for an A1+ rating instead, you will have created a comfortable buffer in your finances.

Why Choose MoneyMe?

MoneyMe is proud to be a responsible lender. This means we are conscious of only approving loans that can be comfortably serviced. We are also very upfront about any fees we might charge, and provide a free personal loan repayment calculator to help you work out what your repayments will be, and whether you will be able to afford them.

We also employ the latest financial technology to make it easier, safer, and faster for you to access money, whenever you need it most.

How Do I Get Started?

Your first step in applying for a personal loan with MoneyMe is to use the personal loan repayment calculator tool to get an estimate of your regular repayments. If your income comfortably supports these repayments, it is a good indication that the personal loan will be suitable for your situation, and you are more likely to be approved. It that case, you can simply click on the “Apply Now” button to continue the process.

Our customers
LOVE us

Repayment Calculator

Unbelievably easy finance when I needed it the most. A huge thank you from me and as a returning customer I know that I am getting a fair deal.

After 5 to 10 minutes of filling up my application, my loan has been approved and the money was in my bank account. I had a great experience that is why I'm giving them a 5-star rating. Excellent service. Thank you very much, MoneyMe.

Amazing through and through. MoneyMe helped me out when no one else would and they have been a delight to deal with. I 100% recommend their service. They're an absolute joy to deal with!

4.7/5

Review Stars Out of 2,701 reviews

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Personal Loan Calculator

Know your ideal loan rate

If you are interested in applying for personal loans or a line of credit at MoneyMe, the first step you should take to know your ideal rate is finding a personal loan calculator. With it, you get an on-the-spot calculation of your expected fees, so you’re more confident to apply for a loan straight away! The application happens online, and you can get results within minutes without any paperwork.

Learn more

Know your ideal loan rate

If you are interested in applying for personal loans or a line of credit at MoneyMe, the first step you should take to know your ideal rate is finding a personal loan calculator. With it, you get an on-the-spot calculation of your expected fees, so you’re more confident to apply for a loan straight away! The application happens online, and you can get results within minutes without any paperwork.

How it works

A personal loan calculator is an online tool designed to give you a preview of how much you can apply for quick loans or fast cash. MoneyMe’s loan calculator is free, easy to use and can be accessed anytime using your desktop or mobile phone. All you have to do is select your desired loan amount, your preferred loan duration, and a quick description of your credit history to determine your interest rates. Once you have provided all these, you’ll get your expected repayment amounts, establishment fees and other ongoing fees on the spot!

It’s also helpful for understanding personal loan interest rates and making personal loan comparisons between credit products. For example, if you are considering small personal loans like a cash advance to help you between pay cycles, you may find that a revolving line of credit is a smarter option.

Regardless of what type of loans you are looking to apply for, using a personal loan repayment calculator allows you to check your financial health before you start applying. You can create an indicative budget based on your current living expenses and your monthly repayment whether it’s for small personal loansvirtual credit cardeasy loans, or for larger loan options like an unsecured car loan, a boat loan or travel loans.

What’s next after using a loan calculator?

Once you have determined your ideal rate for your application for an unsecured personal loan, credit card or short term loans in the form of a bond loan or quick rent assistance, you’ll now have a clearer picture of “how much can I borrow” to suit your personal circumstances. Keep in mind that the calculations you got are still subject to further assessment and approval, but a good head start to look into your current living expenses and make necessary adjustments to suit your future loan repayments.

We understand that there are a variety of reasons for taking out a personal loan from a money lender like us, that is why we have built our personalised credit products to make sure you’ll get repayments and interest rate that is fair and tailored to you.

Personal loans for big moments

You may have used a personal loan calculator because you have a big life milestone comping up, like your wedding day, and you wanted to make sure you have the extra cash you need to make it as perfect as possible. We made getting a wedding loan from MoneyMe fast and simple, so you can enjoy your big day without the worry of scrambling for funds for unexpected same-day expenses.

Whether you are an incoming university student or looking to apply for a master’s degree, we also offer student loans to help you cover course fees and other school-related expenses such as school projects, textbooks and other essential learning tools. It allows you to settle for your tuition costs upfront and pay later with flexible and student-friendly rates.

Freestyle: The Virtual Credit Account

Freestyle offers you quick access to credit funds up to $10,000 in a matter of minutes. Apply online, get an outcome fast and once you’ve been approved, you can activate your card and add it to your mobile wallet to start your in-store Tap n Pay and online shopping. And it’s not just that. With Freestyle, you can do more. Take it anywhere to transfer money to yourself, your friends or to anyone, and use it for all your purchases with Mastercard. It’s your spend-now-pay-later, line of credit and credit card, all-in-one.

Just like same day loanscash loans and small loans, you can choose to repay it over your preferred repayment duration to suit your current budget. We won’t charge you with early exit fees if you opt to repay earlier. We’ll also align your repayments with your pay cycle so you won’t have to worry about getting caught with late fees and charges. Freestyle lets you have the peace of mind in knowing that a credit account exists for helping you cover unexpected costs like car repairs, booking quick flights or for taking advantage of great sales.

You can also use Freestyle for paying out bills or when you simply need to get your daily food, fitness or entertainment fix. The best thing about having a Freestyle account is that you get fast access to cash whenever and wherever you need it. It is your modern-day credit card that you can take anywhere without the fear of losing it, because it lives inside your phone.

It’s perfect for maintaining healthy cash flow and if you’re looking for ways to refinance and offer yourself more flexibility. If you’re considering using Freestyle, access our personal loan calculator to compare it with our other loan options.

Easy credit for big-ticket items

If you are looking to purchase a larger asset like a car, you may opt for a car loan at fixed interest rates and pay it over a predetermined length of time. MoneyMe also offers unsecured personal loansquick cash loans, as well as renovation loans to assist you with major home improvements. We also give you access to boat loans if you're looking to upgrade your boat furnishings, and small loans to simply cover for right now.

How to get a personal loan in Australia

As an online lender who holds an Australian Credit Licence, we believe in fair and responsible lending. Our proprietary AI-based loan management platform conducts a real-time assessment of thousands of social and financial data points, allowing us to provide you with fast and accurate loan outcomes. We are low doc and caters to the everyday credit needs of Gen Now, offering express loans with no-fuss online applications and approvals.

When you apply for same day cash loans and fast loans with us, we take into account a range of factors to determine if you’re eligible to apply. To qualify for our easy online application process, you must be at least 18 years old, a permanent resident of Australia and currently employed. Apart from your personal and employment information, we also look at your credit score, income, financial commitments and living expenses to determine your personal loan rates.

Once your online application for a personal loan has been approved, depending on who you bank with, your money may hit your bank account in as little as 60 seconds. We’re that fast.

We’re here to help

MoneyMe is one email or call away to help you out with your queries. If you’re interested to know more about our credit products, feel free to shoot us a message via hello@moneyme.com.au or call us at 1300 669 059 anytime during business hours.

Stay on top of your finances. Use our online personal loan calculator to help get a better picture of the right loan amount for your needs that you can comfortably repay.

How to know how much I can borrow using a personal loan calculator?

Here at MoneyMe, we believe in lending responsibly and telling lenders what reasonable rates they can expect. While you may have the total amount in mind for your short term loan, this does not include the fees and charges associated with taking it out. 

To truly know how much you can borrow using a personal loan calculator, we suggest visiting our website at MoneyMe. As a digital platform offering loans up to $50,000, you can use our personal loan calculator tool to help you calculate personal loan repayments. Understanding the total amount and the rates will help you prepare for covering unexpected expenses, tackling home improvements, and even consolidating your debts.

All you need to know when using our personal loan calculator is the amount of money you can borrow and how long your repayment scheme will last, and we can show you how much money you’ll have to put into your repayments monthly. 

Note that this calculator only offers an estimate and is not a direct offer for credit from us. The calculator also uses an example comparison and interest rate, which could vary depending on your personal loan terms. 

How to calculate personal loan eligibility?

In most cases, calculating personal loan eligibility isn’t done with a personal loan calculator but by the lender you borrow from. To be eligible for a personal loan in Australia, you need to be an Australian citizen or permanent resident over 18.

Other factors that credit providers consider before lending you money include your income and employment status, assets, credit history, outstanding debts, and regular expenses. 

Your eligibility requirements for a personal loan will also differ depending on whether the loan is secured or unsecured. A car, for example, may have to meet certain requirements if it is used to provide security. 

There used to be a lot of paperwork associated with loans. Still, today there are many low-doc personal loans, and advances in technology have reduced the number of documentation borrowers need to provide.

MoneyMe, for example, uses illion’s technology to capture your bank statements online using your bank login details. All transactions are handled electronically within a fully encrypted session, so neither illion nor MoneyMe staff will have access to your login details, and they will only have read-only access to your finances. 

We can analyse your spending patterns and save you the time and hassle of submitting all your bank statements with this data. This helps us calculate your personal loan eligibility, and you are also welcome to email your bank statements to us. However, if you do not wish to use our secure online checking system, the loan application process will take longer.

How to calculate the credit score for a personal loan?

Credit scores range between 300 and 900 and are used to determine your creditworthiness. Scores are calculated by considering past loan repayments, credit card payments, bill payments, and other similar factors. Scores above 700 are generally considered good.

Your credit score is based on your credit report’s personal and financial information. It is calculated by each credit reporting body differently. Different credit reporting bodies may also hold different information about you. As a result, your credit score may vary depending on the credit reporting body.

A credit report comprises information available from lenders (such as banks, credit unions, and payday lenders) and any public information (for example, court judgements) available at the time. Information from utility and telecommunication providers about credit advances and defaults may also be included.

Suppose our online personal unsecured loan calculator indicates that your income can comfortably repay the monthly repayments and have a good credit score. In that case, it is a good sign that you will most likely be approved for your loan. 

When you apply for a loan at MoneyMe, you are also given a MoneyMe credit rating. After you successfully repay your first loan with us, this credit rating will improve, allowing you to qualify for personal loan redraws and lower interest rates on your next loan.

How do banks calculate interest on personal loans?

Banks usually consider your credit rating when calculating interest rates on your small personal loans. You can utilise our personal loan calculator at our MoneyMe website to get a good idea of how much interest rate is charged per loan. Banks may consider other factors when calculating your interest rate: income stability, whether the loan is secured or unsecured, and other factors.

At MoneyMe, we offer competitive interest rates and provide a quick and simple means of applying for your loan. All you need to do is fill out our online application form and give us access to your personal information, and you will find out your interest rate within minutes. 

There is no need to wait long lines at the bank and drive through heavy traffic as our platform is designed to make loans easier. You simply need to sign electronically upon receiving our reply and agreeing to the loan terms and conditions. The money will be in your bank account within one business day.

How to calculate the personal loan rate of interest?

To calculate the rate of interest on your personal loan, you can simply use the personal loan calculator available on our online platform. The math behind the calculation is simple, so you can choose to do it on your own phone calculator.

The three things you need to know to calculate your personal loan monthly repayments are the length of the loan, the interest rate for your loan, and the money loaned. If you have an existing loan with us at MoneyMe, you can simply check your MoneyMe app to see how much you have to pay.

As Australia’s leading online loaning platform, we are dedicated to making finance easier and simpler. Whether you are planning to refinance a personal loan or borrow money, be sure to check out our website for our tools and for more information regarding any loans you may need.

How do banks calculate personal loan eligibility?

A personal loan calculator is rarely used to calculate eligibility for a loan. Instead, lenders use their own software and criteria to determine eligibility. Generally, any Australian citizen and permanent resident over 18 years of age are eligible to apply for a personal loan in Australia.

Before lending you money, other factors that lenders consider include your income, employment status, assets, credit history, outstanding debts (e.g., your current mortgage), and regular expenses. 

The requirements for a personal loan and bond assistance differ depending on whether it’s secured or unsecured. For example, a loan taken out for a car used for security purposes may be required to meet certain requirements. 

MoneyMe utilises illion’s technology to retrieve your bank statements online. MoneyMe and illion handle all transactions electronically, and within fully encrypted sessions, so neither will we gain access to your login details nor your finances.

We can save you the time and hassle of sending all your bank documents to us by analysing your spending patterns. We use this to calculate your personal loan eligibility, and you can also email us your bank statements. It, however, will take longer for us to verify your bank statements.

How to calculate a personal loan?

A personal loan calculator is an online tool designed to show how much you can borrow from a lender. MoneyMe offers free, easy-to-use large and small loan calculators that you can access anytime from your desktop or mobile phone. 

Simply enter your desired loan amount, preferred loan term, and a brief description of your credit history to determine your interest rate. As soon as you provide all these, you will receive your expected repayment amounts, establishment fees, and other ongoing fees.

In addition, it helps understand personal loan interest rates and makes comparisons between credit products. For example, if you consider cash advances or small personal loans to help you get through between pay cycles, a revolving line of credit may be a better alternative.

Whatever type of bank personal loan you are applying for, a personal loan repayment calculator is a great way to check your finances before you apply. Based on your current living expenses and monthly repayment, you can create an indicative budget for small personal loans, virtual credit cards, easy loans, and larger loans such as unsecured car loans, boat loans, and travel loans.

How to calculate personal loan amounts based on salary?

Your income does not affect your credit score, but it does affect your ability to qualify for a loan. In addition to your earnings and credit score, lenders consider many factors when approving loans.

At MoneyMe, you can use our personal loan calculator to determine your monthly repayments for a loan you wish to take out. So long as you have a good debt-to-income ratio and can meet your monthly repayments comfortably, you can apply with us, and we will make every effort to provide you with the most favourable loan decision.

Our application process for personal loans requires just a few details and gets things moving quickly. Within 60 minutes or less, you could receive your loan funds in your savings account (this also depends on your bank).

Fill out our simple three-minute fast cash loan application today and get your quick personal loan.

How to calculate the personal loan interest rate? 

You can use the personal loan calculator on our website at MoneyMe. Calculating it on your own phone calculator should not be a problem because the math behind it is simple.

When calculating your personal loan monthly repayments, you must know three things: the length of the loan, the interest rate for the loan, and the amount of money you borrowed. If you already have a loan with MoneyMe, then you can simply check your MoneyMe app to see how much you must pay towards the loan.

We are Australia’s leading online loaning platform, committed to straightforward financing. Our website offers a variety of tools and additional information regarding any loans that you may need. Be sure to check it out.

How are personal loan payments calculated?

Personal loan payments are calculated by considering the rate of interest (variable or fixed), the establishment fee and the monthly fee. At MoneyMe, we charge an interest rate starting from 6.25% per annum. 

If you do not make your scheduled loan repayments, you may be subject to other costs based on your loan terms. While other services charge an early repayment fee, with MoneyMe, you can opt to pay your loan in advance, so it’s best to make it a habit. 

The borrower’s credit history primarily determines interest rates. In addition to your total income, your debt obligations and living expenses can also affect the interest rate you receive. Ensuring that your credit report is as good as possible is a quick and easy way of giving yourself the best chance to secure the lowest possible interest rate offered.

Enjoy fast approvals on every type of finance – from loans to purchase a new car to loans for investment purposes and more. MoneyMe also offers a secure, easy approval credit card with insurance and the ability to make cash advances, allowing you to transfer funds to your bank account instantly.

Transparent and
simple pricing

Interest rate

6.25 %
p.a.
to 19.95 %
p.a.

Comparison rate*

7.64 %
p.a.
to 21.32 %
p.a.

Establishment fee

$295 for loans between $2,100 and $5,000

$395 for loans between $5,001 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee

$10.00

Loan terms

Minimum 1 year

Maximum 5 years

Early exit fees

None

*This comparison rate is based on an unsecured personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. A $495 establishment fee and $10 monthly fee applies.

Ready to get
started?

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