Loan Calculator

We’re all about making finance easy and more affordable. Use our loan calculator to work out how much you could borrow or what your likely repayments will be. If that all computes then give us a call on 0800 385 385 or apply for a loan online.

How much can I borrow?

How much do you need?
How long will you need it for?
months
$

Estimated monthly repayment

Calculator repayment amounts are based on a 13.95% interest rate and includes establishment and administration fees.

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Calculator repayment amounts are based on a 13.95% interest rate and includes establishment and administration fees.

This calculator should only be used as a guide to see how personal loan repayments can vary when you change the loan amount, or loan term. It is not an offer of finance. Your actual interest rate applied may be lower or higher depending on your circumstances. Calculation includes interest, establishment fee and monthly service fee.

MyFinance interest rates for loans range from 13.95% to 24.95% per annum. Loans are required to be repaid by equal instalments of principal and interest over terms of a minimum of 90 days (3 months) and a maximum of 5 years.

Example:

A $10,000 loan repayable monthly over three years at an interest rate of 18.00%pa. An establishment fee of $350 and administration fee of $2 per payment ($72) are included in the repayment. 36 monthly instalments of $376.18 each would be required to repay the loan. Total interest would be $3120.38 making the total payable $13,542.38. The Annual Percentage Rate (APR) inclusive of fees is 20.89%pa.

Establishment fees vary based on the loan amount. Full details of all fees are available here Rates & Fees