Personal loan repayment calculator
Discover the potential cost of your loan repayments using our intuitive Plenti unsecured personal loan repayment calculator. Just so you know, this tool serves as a guide only, and does not provide a formal quotation or offer a credit. The interest rates and monthly repayment figures are indicative, depending on the chosen credit history. To get your personalised rate, complete a RateEstimate.
It's crucial to recognise that the loan amount you're eligible to borrow, your personalised interest rate, and your repayment amount may differ upon completing a formal loan application. You can use our calculator as an initial step in understanding your financial commitment and let Plenti guide you toward a tailored and transparent lending experience.
How do I use the personal loan calculator?
Loan amount
Enter in the total amount you would like to borrow. You can borrow between $5,000 - $65,000 with a Plenti personal loan
Loan term
Choose the preferred length of your new loan. Choose from a term between 1- 7 years.
Credit history
Select your credit history from the drop down menu
Get your rate estimate
Submit a rate estimate to receive your personalised interest rate.
Personal loans for all your big ideas
Personal rates reward your good credit history
With our simple application process, you can enjoy a stress-free personal loan experience that suits your needs.
Loan amounts ranging from $5,000 to $65,000
Duration of loans ranging from 1 to 7 years
Apply in 10 minutes
Receive funds in as little as 24hrs from approval
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Your Questions Answered
A personal loan repayment calculator is a handy tool which provides you with an estimate of how much your loan repayment could be. You can experiment with different loan amounts or repayment frequencies to see how they could affect your monthly repayments.
You can use a Plenti personal loan for various purposes, including home renovations, travel, buying a car, moving expenses, debt consolidation, weddings, and medical bills.
The calculator uses the following key inputs to estimate your monthly repayments:
- Loan Amount: The total sum borrowed.
- Interest Rate: This is determined by the credit history you select.
- Loan Term: The number of years over which the loan will be repaid.
You can borrow up to $65,000 with a Plenti Personal Loan
Find out information on different loan types below
What are the repayments on a $5,000 unsecured personal loan?
If you have a good credit history, the repayments on a $5,000 personal loan over 3 years are $174 monthly (including interest and upfront fees). However, spreading them over 5 years could be as low as $117 monthly (assuming an interest rate of 12.49% p.a. / comparison rate of 13.29% p.a.*).
What are the repayments on a $10,000 unsecured personal loan?
If you have a good credit history, the repayments on a $10,000 personal loan over 3 years are $343 monthly (including interest and upfront fees). However, spreading them over 5 years could be as low as $230 monthly (assuming an interest rate of 12.49% p.a. / comparison rate of 13.29% p.a.*).
What are the repayments on a $20,000 unsecured personal loan?
If you have a good credit history, the repayments on a $20,000 personal loan over 3 years are $684 monthly (including interest and upfront fees). However, spreading them over 5 years could be as low as $460 monthly (assuming an interest rate of 12.49% p.a. / comparison rate of 13.29% p.a.*).
What are the repayments on a $40,000 unsecured personal loan?
If you have a good credit history, the repayments on a $40,000 personal loan over 3 years are $1,356 monthly (including interest and upfront fees). However, spreading them over 5 years could be as low as $912 monthly (assuming an interest rate of 12.49% p.a. / comparison rate of 13.29% p.a.*).
How do personal loans work?
Plenti's personal loans offer a quick, fair, and straightforward process. After submitting an application detailing your financial situation, credit history, and employment, you'll receive a decision notification via email. You'll sign the loan contract through email and text messages if approved. The funds will be directly deposited into your nominated account, allowing you to use them for your specific purpose. Repayments, including principal and interest, will be made through monthly direct debits according to the terms of your loan contract. Factors like your credit history and overall risk profile determine the interest rate.
Am I eligible for a Plenti personal loan?
To qualify for a Plenti personal loan, you must meet the following criteria:
- Age: 18 years or older
- Citizenship: Australian citizen or permanent resident
- Income: earn over $25,000 annually from a verifiable, regular income source
- Credit history: maintain a good credit history
If you're self-employed and uncertain about your eligibility, don't fret. You can apply as long as you have been in your current role for at least 12 months.