Personal Loan Calculator

Our personal loan calculator will indicate the repayment amount using a set of unsecured loan interest rates as well as your loan term choice. Aside from the indicative repayment amount, the results also display how much of your overall repayments equal the total interest payable on your loan and will also reveal how your loan term of choice affects both your total payable interest, including your monthly payment amount. You can also browse this personal loan comparison Australia to see how your options stack up.

How are the amount and interest rates calculated for personal loans?

Personal loans Australia are enjoyed by eligible applicants with an interest amount payable over the loan term. The interest rate is provided as a percentage of the total loan amount per annum and then calculated monthly. The rate you are offered on your short term loans or larger unsecured personal loans from Ozzie Loans is reliant on a number of factors: the money lenders must first analyse your current debt and your credit history and weigh their offers based on that. For example, credit applicants with a good credit history and minimal debt enjoy a lower interest rate offered on their cash loans, reflecting the money lender’s evaluation that they are at low financial risk. For those who do not meet their criteria or are starting out in terms of building credit history, higher interest rates on their easy loans may be offered. 

Luckily, Ozzie Loans brings good news: we have our own in-house credit rating system that we apply to all our customers. By proving first how trustworthy and reliable they are with small loans, they can build a higher credit rating and increase their chances of eligibility for larger same day loans and higher limits on our line of credit options.

Speaking of short term loans, the total interest payable throughout the loan term is lower than what is usually charged on longer-term loans. If you want an exact idea of this arrangement, using our personal loan calculator can help you evaluate how the monthly repayment becomes higher in tandem with a shorter loan term. Long term personal loans Australia is a smart choice in that the repayments won’t affect your current living expenses and can even accommodate short term cash flow issues. However, if your eyes are set on something like a bond loan to secure a rental property, then perhaps look to a shorter loan term that may be better suited to your needs. At Ozzie Loans, we are ready to help you secure quick loans to cover bond and rent assistance in no time, so you don’t miss out on payment by waiting for funds to clear up. 

If you’re thinking about how much you can borrow for a quick loan, our personal loan calculator can give you an indication of estimated repayment amounts. Ozzie Loans stands by responsible lending practice. That’s why we display what we are likely to offer you by way of credit. We don’t want our customers to stretch themselves thin by setting themselves up for unrealistic loan repayments. We strive to ensure that our instant loans are working for you rather than against you. So take caution when your personal loan calculator is showing that money will be tight on your desired credit limit; it will be best for you to peruse other options. 

A credit card is a revolving line of credit that you can continue to draw from once the necessary repayments on borrowed credits have been made. You may want to consider our virtual credit card: we have balances available starting from $1,000, and you can even be pre-approved until $10,000 as soon as you open your account. Then you’re free to use your credit for everyday expenses like groceries and petrol, or even beyond that threshold such as car repairs, vacation funds, or repaying your balance slowly over time. 

With Ozzie Loans, you may also be offered up to 35 days interest-free on your credit card as long as you’re eligible. As long as you spend your total credit limit and repay the funds within the 35 day period, you don’t need to worry about paying interest rates! This allows you to use your credit line for incidental expenses throughout the month while adhering to a strict budget. When your recurring payments arrive, you can easily pay out the balance you owe while enjoying interest-free cash advance loans every month. With us, you have the convenience of accessing the cash you need when you need it.

Don’t forget, larger purchases would definitely require larger cash loans online. When it comes to educational expenses, our student loan can likely be a good match for you. When taking out this type of personal loan, you can cover your full study costs upfront so you can slowly repay your tuition over the term of your studies. You can even open up bonuses like early bird savings. By factoring in the costs using our personal loan calculator, you can strategise your game plan when looking at personal loan interest rates and how you plan to pay the total amount over the course of the loan term.

Need to make urgent repairs or improvements to your home? A  renovation loan at Ozzie Loans can help you with that. Borrow up to $35,000 online, so you can work on what needs your attention at home without worrying about how to get the funds. With upfront payment, not only can you start work right away, you can then plan a comfortable repayment schedule against mortgage costs or other incidental living expenses. Renovation dreams don’t have to stay in your imagination; you can flip that kitchen or revamp that bedroom when you choose to apply for a loan with us. 

Large loans can be a tough decision to make. That’s why you can opt for small personal loans to help you with smaller things quickly and swiftly—thinking of sightseeing? Our travel loan options will allow you to start booking your dream holiday or vacation trips and pay for those accommodations upfront so you can snag some cheaper options if offered any. The benefits of having regular monthly repayments will allow you to enjoy the lifestyle that you want with a budget that suits your needs.  

If you’re a vehicle enthusiast looking for the perfect car or even a boat loan, our same day loans can keep up with your every whim to snag an excellent deal so you can rev those engines. If you’re chomping at the bit to get started, our online applications will only take a couple of minutes, so you can sooner drop the news to your seller that you’ll be taking the keys to your new ride – the most exciting part? Our same day loans can allow you to buy your car if your loan gets approved on the same day! 

Fast and flexible credit can be a gamechanger, so you don’t have to keep waiting around for the perfect time. Whether you’re from Sydney, Melbourne, or Brisbane, with cash available at the tap of a finger, you can give yourself the luxury you deserve. Use our personal loan calculator to find the best loan plans for you, then apply online with Ozzie Loans today. We’re here to help you get the funds you need so you can live the lifestyle you want!