Calculate repayments, total interest and full amortisation schedule for Australian personal, car, or business loans.
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Personal loans in Australia typically range from $2,000 to $100,000 with terms of 1–7 years. Interest rates vary by lender, credit score, and loan purpose. As of 2026, average unsecured personal loan rates sit between 7%–20% p.a.
Australian lenders must display a comparison rate alongside the advertised rate. The comparison rate includes most fees and charges and is expressed as a single percentage, helping you compare true loan costs.
With P&I loans you repay both the principal and interest each period. Interest-only loans have lower initial repayments but you don't reduce the principal during the interest-only period.
Many Australian lenders allow extra repayments or early payoff on variable-rate loans. Fixed-rate loans may charge break costs. Check your loan contract for details.