Loan Repayment Calculator
Calculate repayments for personal loans, car loans and any fixed-term loan. Choose weekly, fortnightly or monthly payments and see your exact payoff date.
How to use this loan calculator
Enter your loan amount, annual interest rate and loan term in years. Choose your preferred repayment frequency — weekly payments build equity faster and save interest compared to monthly. The calculator shows your exact payment amount, total interest cost and the date your loan will be fully paid off.
Weekly vs monthly repayments — does it matter?
Paying weekly or fortnightly instead of monthly saves meaningful interest over the life of a loan. With fortnightly payments you make 26 payments per year (equivalent to 13 monthly payments instead of 12), effectively making one extra payment per year and reducing your term and total interest paid.