Loan Calculators

  • Compare personal loan rates in 60 seconds
  • Quotes from multiple New Zealand lenders
  • No credit score impact

Important Information About Comparing Offers

Personal loan offers are often listed with interest rates set to a certain range. The lowest rates are available to applicants with the strongest borrower profile.

You can learn more about how to apply for a loan and credit score criteria in our Personal Loan Guides.

Personal Loan Calculator

Enter the loan amount, loan term, interest rate, and repayment frequency to calculate repayment amounts and total interest payable on various loan offers.

Debt Consolidation Calculator

Enter your existing debts, interest rates, and repayment amounts to see how much you could save by consolidating your debts into a single loan repayment.

Home Renovation Calculator

Estimate the cost of a home renovation loan by entering the planned costs of your renovations and comparing various repayment amounts over adjustable terms.

See How Much You Can Borrow

Find your number

Using the calculator to compare loan offers

The best way to compare personal loan interest rates is to shop around. Use comparison sites, speak to a broker or visit the websites of lenders you’re considering and check for yourself.

Generally, you can borrow up to $50,000 with an unsecured personal loan, and up to $100,000 with a secured personal loan. Most banks will not approve an unsecured loan of less than $3,000, and minimum and maximum loan amounts will vary between lenders.

Generally secured personal loans have lower interest rates than unsecured personal loans. That’s because lenders consider them to be lower risk. To pay less interest on your personal loan, pay the loan off faster, make extra repayments and make sure you secure a loan with low fees.

How the calculators determine interest and repayments

Our personal loan calculators use amortisation calculations to estimate interest and repayment amounts on a loan. Amortisation calculates payments between interest and the outstanding principal amount to keep payments consistent over time.

When you make your first repayment on your loan, a greater portion of the repayment amount will go toward repaying the interest, while your last payment will consist almost entirely of principal repayments.

When you calculate loan repayments using this method, it allows you to see what your regular repayments will be, and also allows you to estimate your savings should you choose to repay a portion of the loan early.

Help with debt in New Zealand

If you're experiencing financial hardship and struggling with debt, you may find speaking to a financial expert can help determine your next steps.

You can speak to an expert for free by calling the MoneyTalks helpline operated by FinCap on 0800 345 123.

MoneyTalks Helpline operates between 8 a.m. and 5 p.m. Monday to Friday, and between 10 a.m. and 2 p.m. on Saturdays.

See If You Qualify For A Personal Loan

Check if you qualify

Disclaimer: These personal loan calculators can only provide an estimate of your repayments and do not reflect an accurate representation of the interest rate given upon successful approval of a loan application.

These personal loan calculators are intended to be used as a guide and do not represent the final amount an individual may pay on a loan.

It is vital that you seek professional advice from a trusted financial advisor before choosing a loan, as these calculators only provide limited information and cannot be used to assess your personal circumstances.