Loan Repayment Estimator

*Repayment is indicative only. Please refer below for important information about the calculator.

The loan repayment calculator applies the following formula to calculate the loan repayment either weekly, fortnightly or monthly.

In all cases the interest is calculated daily, with the periodic repayment amount calculated based on the amount required to repay the loan in full for the value (loan amount) of a loan, interest rate (interest rate), the loan period (loan term) and loan repayment frequency (payment frequency) selected.

Important Information

Amounts calculated are estimates only and true only for the example given and based entirely on the information you provide. read more You should not rely on this information and nothing in this estimate constitutes an offer or intention to enter into a legally binding contract or arrangement with any party. This repayment calculator calculates the type of repayment required, at the frequency nominated by you and is based upon the loan details entered by you, being amount, duration, interest rate and repayment frequency. Different terms, fees or other loan amounts may result in a different repayment amount and interest rate. Costs such as fees, charges and balloon payments are not included in this estimate but may influence the cost of credit.

The repayment amounts provided are for illustrative purposes only. Finance is subject to successful application of relevant credit criteria. To apply for finance, you must complete a finance application. All finance subject to successful application of Lender’s credit criteria. Terms and conditions apply. Commission, fees and charges are payable.

Assumptions

(a) interest is paid in arrears for consumer loans, with interest payments on commercial loans dependent on the structure of the loan. read more
(b) interest is calculated on a daily reducing basis for consumer loans, whereas loans outside of the National Consumer Credit Protection Act 2009 incur interest on a monthly reducing balance.
(c) payments are equal over the term, unless the loan requires a balloon or residual payment.
(d) 52 weekly payments, 26 fortnightly payments or 12 monthly payments, as applicable, would be made in a year.

UNITED FINANCIAL SERVICES PTY LIMITED | ABN 77 072 442 445
NSW & ACT: UNITED FINANCIAL SERVICES PTY LIMITED | ABN 77 072 442 445 | ACL 386927
QLD: UNITED FINANCIAL SERVICES (QLD) PTY. LIMITED | ABN 43 073 887 81 | ACL 386930
VIC, SA, WA, TAS & NT: UNITED FINANCIAL SERVICES NETWORK PTY. LIMITED | ABN 47 095 911 283 | ACL 386932.