Estimate monthly repayment and total cost before applying for a personal loan or personal financing.
Use this personal loan calculator to estimate whether a loan fits your monthly budget. Enter the loan amount, estimated annual rate and repayment tenure.
Personal financing can be useful for planned expenses, but high instalments may affect cash flow. Always compare total repayment, not only the monthly amount.
The amount borrowed, interest rate and tenure are the main factors. Fees and insurance may also affect the total cost.
Not always. A lower monthly payment from a longer tenure may increase total interest paid.
You can enter different rates and tenures to compare estimates, but you should confirm final terms with the lender.