BSB 806 015

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BSB 806 015

Personal & Car Loan Repayment Calculator

Are you looking to buy a new car, renovate your kitchen, or just looking to consolidate some of your existing debts? This repayment calculator for personal loans can help you calculate what your regular repayments could be.

How to use this personal loan repayments calculator

Using P&N’s repayment calculator for personal loans is easy. Choose between a secured or unsecured loan, adjust the loan amount and loan term to suit your needs, and our calculator will provide an estimate of the total repayments, interest paid, and the balance remaining over the life of the loan.

No matter what type of personal loan you're considering, this calculator can help you explore the benefits of making a small extra repayment weekly, fortnightly, monthly, or even annually. You may be surprised by what a little extra can achieve.

We're here to help

Ready to apply for a personal loan? Or would you like to speak to an expert to discuss your options? Whatever stage of the journey you're at, our team are here to help.

 Apply todayMore information? Visit a branchSpeak to a lending specialist

Frequently asked questions

  • How can I apply for a car loan with P&N?

    If you're ready to apply for a car loan, you can do so by applying online or by visiting us at one of our branches.

  • How can I work out what my personal loan repayments would be?

    Our personal loan repayment calculator can give you an in-depth breakdown of your potential repayments, as well as full transparency on interest rates, comparison rates, and more. Just adjust the loan amount, loan term, repayment frequency and interest rate to get an indication of what your repayment amounts could look like.

  • What is the comparison rate for the repayment calculator on personal loans?

    Comparison rates are a percentage calculated by adding the interest rate with additional fees and charges that may apply to the loan. This is meant to give a better indication of what the true cost of the loan is compared to offers by other lenders.

  • What are early repayment fees?

    Early repayment fees are a way for the lender to recover losses incurred when a loan is partially or completely repaid earlier than the agreed term. When you pay your loan amount in full early, it means the lender misses out on the interest they would have otherwise earned from your continued repayments. At P&N Bank we do not charge an early repayment fee on our personal loans.

  • What’s the difference between a fixed-rate and variable-rate personal loan?

    A fixed interest rate personal loan means that the interest rate is locked in when you apply for the loan, meaning that it will remain the same throughout the life of the loan. A variable rate personal loan means that the interest rate is subject to change in line with the RBA (Reserve Bank of Australia’s) cash rate adjustments.

    A fixed rate personal loan gives you certainty about what your repayments will be, allowing you to budget with confidence. A variable rate loan has the potential to provide cost savings if the cash rate is low, but there is no certainty as interest rates are set by the lender.

    Fixed rate personal loans are the type of personal loans that P&N Bank offers.

  • What's the difference between a secured loan and an unsecured loan?

    A secured loan is where an asset is used as collateral or security. For example, your security on a car loan could be the vehicle you are purchasing. On the other hand, an unsecured loan does not have any security or collateral requirement.

    Secured loans are almost always less expensive than unsecured loans because the security or collateral is used to offset the risk of you defaulting on your repayments. An unsecured loan can be more accessible, but the increased risk to the lender will be compensated for in the form of higher interest repayments.

    You can calculate the difference in loan repayments by using our personal loan repayment calculator. This will help you determine whether a secured or unsecured loan is more preferable for you based on your financial circumstances.

  • Should I apply for a secured or unsecured personal loan?

    This depends on your personal financial situation and the availability of acceptable security to offer. You can compare the differences between secured and unsecured personal loans by using our personal loan repayment calculator, or alternatively, you can call us on 13 25 77 to speak to a specialist or visit us at one of our branches.

  • Do I need to use a personal loan repayment calculator to get a personal loan?

    No, you don’t need to use a personal loan repayment calculator to get a personal loan. The calculator is simply a tool you can use to get an indication of what you will pay on a regular basis if approved for the specified loan amount. Using a calculator allows you to predict what your regular payments may look like, and determine whether they are reasonable and affordable to you.


The results from this calculator should be used as an indication only. Figures provided are for illustrative purposes only and are based on the information provided. The calculations do not take into account any product features or fees and charges that may be charged to your loan. Results do not represent a quote or pre qualification for a loan. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change. Lending criteria applies to the approval of credit products. Terms and conditions apply and are available on request. Fees and charges are payable.

Credit products issued by Police & Nurses Limited (P&N Bank) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701. Lending criteria, terms & conditions, fees & charges apply. Rates subject to change.

Comparison rate calculated based on $30,000 over a term of 5 years on monthly repayments for secured and unsecured loans. Rates quoted may vary depending on loan purpose and security offered. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. A Comparison Rate Schedule for a wider range of loan types, amounts and terms is also available.

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