Australia Loan Calculator
Calculate your monthly EMI, total interest payable, and total payment for personal loans, car loans, or home loans in AUD. Free online tool with instant results.
How it works
- •Adjust the loan amount using slider or input
- •Set your interest rate and loan duration
- •View your monthly EMI, total interest, and payment
Your Loan Summary
Monthly EMI
A$205.17
Total Interest
A$2,309.92
Total Payment
A$12,309.92
Loan Details
Principal AmountA$10,000.00
Interest Rate (annual)8.5%
Loan Tenure5 years
Amortization Schedule Preview
Year 1
A$1,700.00
Principal paid
Year 2
A$1,700.00
Principal paid
Year 3
A$1,700.00
Principal paid
Year 4
A$1,700.00
Principal paid
Year 5
A$1,700.00
Principal paid
Complete Guide to Loan Calculations in Australia
Understanding Loan Terms in AUD
When calculating loans in Australia, it's important to understand key terms:
- Principal Amount (A$): The original loan amount you borrow
- Interest Rate (%): Annual percentage rate charged by lenders
- Loan Tenure: Duration to repay the loan (years/months)
- EMI (A$): Equated Monthly Installment
- Total Interest (A$): Total interest paid over loan period
How Our Australia Loan Calculator Works
Our calculator uses the standard EMI formula to provide accurate results for AUD loans:
Formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1)
Where P = Principal, r = Monthly Interest Rate, n = Loan Tenure in Months
Common Loan Types in Australia
Personal Loans
Unsecured loans for various personal needs
Home Loans
Mortgage loans for property purchase
Car Loans
Vehicle financing options