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 1,498 branches across 714 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.
Credit card interest rates in Australia
Relevant if you convert a card purchase into monthly instalments. 20 cards with a published rate.
Worked example — repaying AUD 100,000 of card balance over 5 years in Australia
- Balance
- AUD 100,000
- Rate used
- 11.99% a year
- Tenure
- 60 months
- Monthly EMI
- AUD 2,224
- Total interest
- AUD 33,436
Rate taken from St. George Low Rate (St. George Bank) — the lowest published credit card rate we hold for Australia. Buzdy does not yet hold personal loan rates for Australia, so this uses card interest — the rate that applies when you convert a purchase to instalments or carry a balance. 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 does AUD 100,000 on a credit card cost per month in Australia?
At 11.99% a year over 60 months the instalment works out at about AUD 2,224, or AUD 33,436 of interest in total. That rate comes from St. George Low Rate by St. George Bank, the lowest published credit card rate Buzdy holds for Australia. We do not yet hold personal loan rates for Australia — bank loan rates are usually well below card rates.
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 1,498 bank branches in Australia across 714 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.
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