Repayments calculator assumptions

Repayments are indicative only. When calculating repayments, we have had to make a number of assumptions which may affect the accuracy of the amounts shown. They assume the following.

Time of calculation

We've calculated everything based on the information and figures available as at the date of the calculation.

Interest rates

Calculations are based on an example interest rate and are estimates only.

The interest rate you get may be different from the example rate. It’s based on several factors including information you provide in your application, your credit history and information we already have about you if you’re an existing customer.

After you submit your application, if you’re conditionally approved, we’ll give you an indicative interest rate. This is subject to verification of the information you give us in your application. We’ll provide your final interest rate in the loan documentation, at which point you can decide to accept the loan offer.

Interest and repayment cycles

We've assumed that repayments are payable, and interest is charged, monthly and on the same day. If you have asked us to show you a fortnightly or weekly repayment amount, to keep things simple, we will multiply the monthly repayment amount we have calculated by 12 and then divide it by 26 (for fortnightly repayments) or 52 (for weekly repayments).

To calculate monthly interest, this calculator works out your annual interest charge and divides it by 12 so that interest is spread evenly across each month. Under your contract, the interest calculation takes into account the actual length of each month so is slightly different.


We haven't included any fees or charges that may apply. Read more about personal loan fees and charges.


We have rounded amounts with most results being rounded to the nearest dollar.

Important information