YourFinanceCoach

Loan repayment calculator (Australian)

Work out the repayment on any amortising loan, and what paying extra each period saves in time and interest.

Loan repayment calculator

Repayments made

Added to the amount borrowed.

Repayment every month

$500.95

$5,056.96 of interest over the life of the loan.

Total repaid
$30,056.96
Total interest
$5,056.96
Amount financed
$25,000.00

Including any upfront fee.

Number of payments
60
Full amortisation schedule (60 payments)
Interest, principal and balance for each repayment
#PaymentInterestPrincipalBalance
1$500.95$156.25$344.70$24,655.30
2$500.95$154.10$346.85$24,308.45
3$500.95$151.93$349.02$23,959.43
4$500.95$149.75$351.20$23,608.23
5$500.95$147.55$353.40$23,254.83
6$500.95$145.34$355.61$22,899.22
7$500.95$143.12$357.83$22,541.39
8$500.95$140.88$360.07$22,181.32
9$500.95$138.63$362.32$21,819.00
10$500.95$136.37$364.58$21,454.42
11$500.95$134.09$366.86$21,087.56
12$500.95$131.80$369.15$20,718.41
13$500.95$129.49$371.46$20,346.95
14$500.95$127.17$373.78$19,973.17
15$500.95$124.83$376.12$19,597.05
16$500.95$122.48$378.47$19,218.58
17$500.95$120.12$380.83$18,837.75
18$500.95$117.74$383.21$18,454.54
19$500.95$115.34$385.61$18,068.93
20$500.95$112.93$388.02$17,680.91
21$500.95$110.51$390.44$17,290.47
22$500.95$108.07$392.88$16,897.59
23$500.95$105.61$395.34$16,502.25
24$500.95$103.14$397.81$16,104.44
25$500.95$100.65$400.30$15,704.14
26$500.95$98.15$402.80$15,301.34
27$500.95$95.63$405.32$14,896.02
28$500.95$93.10$407.85$14,488.17
29$500.95$90.55$410.40$14,077.77
30$500.95$87.99$412.96$13,664.81
31$500.95$85.41$415.54$13,249.27
32$500.95$82.81$418.14$12,831.13
33$500.95$80.19$420.76$12,410.37
34$500.95$77.56$423.39$11,986.98
35$500.95$74.92$426.03$11,560.95
36$500.95$72.26$428.69$11,132.26
37$500.95$69.58$431.37$10,700.89
38$500.95$66.88$434.07$10,266.82
39$500.95$64.17$436.78$9,830.04
40$500.95$61.44$439.51$9,390.53
41$500.95$58.69$442.26$8,948.27
42$500.95$55.93$445.02$8,503.25
43$500.95$53.15$447.80$8,055.45
44$500.95$50.35$450.60$7,604.85
45$500.95$47.53$453.42$7,151.43
46$500.95$44.70$456.25$6,695.18
47$500.95$41.84$459.11$6,236.07
48$500.95$38.98$461.97$5,774.10
49$500.95$36.09$464.86$5,309.24
50$500.95$33.18$467.77$4,841.47
51$500.95$30.26$470.69$4,370.78
52$500.95$27.32$473.63$3,897.15
53$500.95$24.36$476.59$3,420.56
54$500.95$21.38$479.57$2,940.99
55$500.95$18.38$482.57$2,458.42
56$500.95$15.37$485.58$1,972.84
57$500.95$12.33$488.62$1,484.22
58$500.95$9.28$491.67$992.55
59$500.95$6.20$494.75$497.80
60$500.91$3.11$497.80$0.00

Assumes a fixed rate and repayments made on schedule. Early-repayment charges are not modelled — check whether your lender applies one before overpaying.

Estimate only. This result is produced from the figures you entered and the assumptions listed on this page. It is not financial advice, not a quotation and not an offer, and no provider is bound by it. Check current terms with the provider before acting. Nothing you type here is sent anywhere — the calculation runs entirely in your browser.

How this is worked out

PMT = P × i ÷ (1 − (1 + i)^−n)

What this assumes

A calculator is only as good as what it leaves out. These are the assumptions built into the result above.

  • The rate is fixed for the full term.
  • Repayments are equal and made on schedule.
  • Any upfront fee entered is added to the amount borrowed.
  • Early-repayment charges are not modelled — check whether your lender applies one before overpaying.

Educational information only. This page explains how something works in Australia. It is not financial advice and does not take account of your circumstances. Rates, fees and eligibility change without notice — check the provider’s own terms before you act.

For free, impartial guidance, see Moneysmart (ASIC). To complain about a firm, contact the Australian Financial Complaints Authority.

Guides that go with this tool

  • What Is APR, and Does It Apply in Australia?

    APR is a US and UK term. Australian lenders quote an interest rate and a comparison rate instead — here is how they line up.

  • What Is a Comparison Rate?

    Australian lenders must publish a comparison rate alongside the interest rate. It folds in fees — but it is calculated on a standard example, not on your loan.