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This simple calculator helps you estimate how much your personal loan repayments could be#.
Please note – For Secured Personal Loans, if the loan to value ratio of your loan is greater than 150%, then an extra 1% p.a. may be added to the interest rate for your loan. For Unsecured Personal Loans, your actual interest rate applicable to the loan will be based on the information you provide at the time of your application and our credit assessment.
Unsecured personal loan repayment terms range from 1 to 5 years for a fixed rate loan and 1 to 7 years for a variable rate loan. Interest rate ranges and representative examples are based on an unsecured loan of $30,000 borrowed for 5 years:
• with the minimum interest rate for a fixed rate loan of 11.49% p.a. (comparison rate 12.57% p.a.) or with the minimum interest rate for a variable rate loan of 12.99% p.a. (comparison rate 14.06% p.a.), the estimated total amount payable including fees is $40,555 or $41,932 respectively; and
• with the maximum interest rate for a fixed rate loan of 17.40% p.a. (comparison rate 18.44% p.a.), or with the maximum interest rate for a variable rate loan of 18.90% p.a. (comparison rate 19.93% p.a.), the estimated total amount payable including fees is $46,136 or $47,617 respectively.
Secured Personal Loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on a secured loan of $30,000 borrowed for 5 years:
• with the minimum interest rate of 8.49% p.a. (comparison rate 9.60% p.a.), the estimated total amount payable including fees is $37,881; and
• with the maximum interest rate of 12.74% p.a. (comparison rate 13.81% p.a.), the estimated total amount payable including fees is $41,701.
^ Comparison rates help you understand the true cost of a loan. The comparison rate is based on a Personal Loan with a loan amount of $30,000 and a term of 5 years. 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.
# Repayment Calculator assumptions
Any calculation made by you using this calculator is intended as a guide only. It is for illustrative purposes only and is based on the accuracy of the information provided. The calculator does not take stamp duty or other government charges into account. The calculations does not constitute an offer from BankSA.
Length of month
All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days' interest dependent on the number of days in the particular month.
Number of weeks & fortnights in a year
One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.
Rounding of amount of each repayment
In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts.
The interest rates represented on this page are BankSA’s standard interest rates and exclude any package or promotional discounts and are subject to change.