A free online tool to calculate different types of loans for Australian residents. Allows you to estimate repayments on home loans, personal loans, car loans etc based on loan amount, interest rate and loan term.
The Loans Calculator for Australia is a handy web-based tool that allows Australian residents to easily calculate details of various types of loans. It can estimate loan repayments, total interest payable, and other metrics for common loans like:
To use the calculator, you simply enter the loan amount you need, the annual interest rate offered, and the loan repayment term in years. It then automatically calculates and displays the estimated monthly repayments, total interest payable over the loan term, and total amount payable including principal + interest.
The calculator provides a simple and fast way for Australians to get an idea of affordability and cashflow requirements before applying for any kind of loan. It can be useful when budgeting, comparing loans from different lenders, or deciding optimum loan terms. The easy-to-use interface and flexibility of options makes it suitable for all kinds of borrowers.