EMI Calculator Australia
Work out your monthly loan instalment in AUD, see the total interest, and compare it against rates Australia banks actually publish.
Click any bank to use their rate. Green = best deal
See how changes affect your loan
How is EMI calculated?
EMI = P × r × (1+r)n / ((1+r)n - 1). P = loan amount, r = monthly rate, n = months. Our calculator does this instantly.
What's a safe EMI-to-salary ratio?
Keep total EMIs under 40-50% of salary. Banks use Debt Burden Ratio (DBR) — UAE banks cap at 50%.
Longer tenure = lower EMI?
Yes — but you pay more total interest. A 5-year loan costs less overall than a 10-year loan at the same rate.
Loan interest rates in Australia
Buzdy tracks 8 banks in Australia with 1,716 branches across 729 cities. EMI results on this page are shown in AUD. The rates below are the ones those banks publish — use them in the calculator instead of a guess.
Looking for a credit card in Australia?
Compare what banks in Australia actually offer — rates, fees and eligibility, updated for 2026.
Personal & car loan rates in Australia
| Loan | Bank | Interest / profit rate | Max tenure | Loan amount |
|---|---|---|---|---|
| Fixed Rate Loan | Commonwealth Bank | 7.25% p.a. to 22.25% p.a. — Fixed | 1 year – 7 years | A$4,000 – A$50,000 |
| Secured Fixed Rate Car Loan | Commonwealth Bank | 6.79% p.a. to 10.79% p.a. — Fixed | 1 year – 7 years | A$4,000 – A$120,000 |
| Unsecured Personal Loan | westpac banking corporation | 7.29% p.a. to 22.19% p.a. — Fixed Example: Interest rate ranges and representative examples are based on an un... | 1 year – 7 years | A$4,000 – A$70,000 |
| Car Loan | westpac banking corporation | 6.74% p.a to 13.54% p.a. — Fixed (the interest rate will be fixed for the loan term) | 1 year – 7 years | A$10,000 – A$100,000 |
| Electric Car Loan | westpac banking corporation | 5.74% p.a. to 8.49% p.a. — Fixed Example: Based on a personal loan of $30,000 borrowed for 5 years with the in... | 1 year – 7 years | A$10,000 – A$130,000 |
| Variable rate personal loan | National Australia bank limited | 7.50% p.a to 22.00% p.a. — Variable | 1 year – 7 years | A$5,000 – A$55,000 |
| Fixed rate personal loan | National Australia bank limited | 7.50% p.a to 22.00% p.a. — Fixed | 1 year – 7 years | A$5,000 – A$55,000 |
| Variable Rate Loan | Commonwealth Bank | 7.75% p.a. to 22.75% p.a. — Variable | 1 year – 7 years | A$4,000 – A$50,000 |
| ANZ Fixed Rate Personal Loan | ANZ Australia | 7.49% p.a. to 19.99% p.a. — Fixed | 1 year – 7 years | A$5,000 – A$75,000 |
| ANZ Variable Rate Personal Loan | ANZ Australia | 7.49% p.a. to 19.99% p.a. — Variable | 1 year – 7 years | A$5,000 – A$75,000 |
| Student Personal Loan (secured) | bendigo bank | 9.54% p.a. | 7 years | — |
| Green Personal Loan (unsecured) | bendigo bank | 8.24% p.a. | 7 years | — |
| Personal Loan (unsecured) | bendigo bank | 14.54% p.a. | 7 years | — |
| Student Personal Loan (unsecured) | bendigo bank | 11.74% p.a. | 7 years | — |
| Hybrid Car Loan | westpac banking corporation | 6.49% p.a. to 10.29% p.a. — Fixed Example: Based on a personal loan of $30,000 borrowed for 5 years with the i... | 1 year – 7 years | — |
| Car loan | National Australia bank limited | — | — | A$100,000 |
| Green Personal Loan (secured) | bendigo bank | 6.24% p.a. | 7 years | — |
| Personal Loan (secured) | bendigo bank | 9.54% p.a. | 7 years | — |
18 loan products from 5 banks — figures as published by each bank.
Credit card interest rates in Australia
Relevant if you convert a card purchase into monthly instalments. 20 cards with a published rate.
Worked example — AUD 100,000 loan over 5 years in Australia
- Loan amount
- AUD 100,000
- Rate used
- 5.74% a year
- Tenure
- 60 months
- Monthly EMI
- AUD 1,921
- Total interest
- AUD 15,273
Rate taken from Electric Car Loan (westpac banking corporation) — the lowest published loan rate we hold for Australia. Change the numbers in the calculator above for your own case.
Banks we track in Australia
Keep going in Australia
Guides for Australia
Australia — frequently asked questions
What is the EMI on a AUD 100,000 loan in Australia?
At 5.74% a year over 60 months the instalment works out at about AUD 1,921, or AUD 15,273 of interest in total. That rate comes from Electric Car Loan by westpac banking corporation, the lowest published loan rate Buzdy holds for Australia.
Which banks offer personal loans in Australia?
Buzdy lists 18 loan products in Australia from banks including Commonwealth Bank, westpac banking corporation, National Australia bank limited, ANZ Australia, bendigo bank.
What interest rate do credit cards charge in Australia?
Across the 20 cards with a published rate in Australia, quoted rates run from 1.67% per month to 20.74% a year. Card interest only applies if you carry a balance past the interest-free period.
Where can I apply for a loan in Australia?
Buzdy maps 1,716 bank branches in Australia across 729 cities. Open the branch directory to find the nearest one to you.
How is EMI calculated?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the amount borrowed, r the monthly rate (annual rate ÷ 12 ÷ 100) and n the number of months. The calculator above uses exactly this formula.