Easily calculate the loan amount you can afford
To be successful in your loan application, be realistic. But you can still dream.
So let’s do just that and see how to calculate what you can afford. This handy personal loans repayments calculator gives you a high-level look at what’s possible, and what you need to aim for.
Loans are a numbers game
Once you’ve entered the amount you’d like to borrow, you’re presented with some options. And numbers.
You can quickly see the monthly repayment amount based on the number of months you want to repay the loan.
By exploring the interest rate you can use the slider to also see the monthly repayments for the lowest and highest interest rates that you could be offered.
This gives you a good scale to judge what the least and the most is you would pay every month.
Always remember to factor in once-off and monthly service fees associated with a loan. These figures are shown in the loan details of the personal loans repayments calculator.
