Estimate your monthly repayments, total interest, and total cost for a personal loan. Adjust the loan amount, rate, and term to find a structure that fits your budget.
Fill in the form and click Calculate to see your estimated monthly repayments, total interest, and total repayment.
The calculator uses the amount, rate and term you choose. A real personal loan assessment also depends on your income, expenses, existing debts, credit history and loan purpose. GPS Finance can first discuss possible lender fit before you decide whether to make a formal lender application.
A longer term reduces your monthly repayment — but significantly increases the total interest paid. A 7-year loan at 12% can cost double the interest of a 3-year loan for the same amount.
Consolidating at a lower rate looks attractive — but extending the term can increase total cost even if the monthly payment drops. Always compare total interest paid, not just monthly repayments.
Secured personal loans (backed by an asset) typically carry lower rates than unsecured. If you have security available, a secured facility can materially reduce your total interest cost.