What is A Personal Loan?
A personal loan that can be used for various personal expenses, with repayment terms and interest rates that vary based on the lender and your financial profile.
How Does Our Personal Loan Calculator Work?
Our personal loan calculator works by considering various key factors that influence your loan repayments. Here’s how it works:
Loan type:
First, choose if you want a car loan, personal loan, debt consolidation, or equipment finance.
Loan amount:
Input the total amount you plan to borrow. This is the principal amount of the loan.
Loan term:
Specify the type of loan you’re considering. Different loan types can have different terms and conditions that affect repayments.
Repayment frequency:
Select how often you will make repayments – monthly, fortnightly, or weekly. This choice can influence the total amount of interest paid over the life of the loan.
Interest rate:
Enter the interest rate of the loan. This directly impacts the amount of interest you will pay on top of the principal.
Extra repayment amount
Enter any extra repayment amount you plan to make.
The Personal Loan Calculator is part of Atelier Wealth’s suite of tools aimed at empowering you with the knowledge and resources needed for effective financial management. Whether you’re planning to apply for a home loan, refinance, or expand your investment portfolio, understanding your tax obligations is a key step in achieving your financial goals.
Contact us today to find out more.
*The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.
