This calculator estimates regular loan repayments based on the loan amount. Repayment frequency can be set to monthly, fortnightly, or weekly. It calculates principal and interest repayments over the loan term.

Assumptions

• Upfront fees and end-of-loan fees are not included; only ongoing fees are considered.
• The interest rate remains constant throughout the loan term.
• Interest is compounded at the same frequency as the selected repayment frequency.
• A year is assumed to have 26 fortnights or 52 weeks (364 days).
• Calculations are not rounded during the process, although repayments are typically rounded to the nearest cent in practice.