Personal Loan Calculator

What this calculator does

Most loan calculators give you a number and leave you to trust it. This one shows the working, because the number only helps if you know what is behind it.

A Beforepay Personal Loan runs from $2,001 to $5,000 over a term of 3 to 12 months. Two things shape what you repay: a fixed setup fee of 5% of the amount you borrow, and interest of up to 24% p.a. Change the amount or the term and both move. Nothing else gets added later. There are no late fees and no early repayment fees. Put in the amount you have in mind and the term you think you could manage, and you will see an estimated repayment. Then read the section below it, which explains how that figure is built and, just as importantly, what it cannot tell you.

Your estimated repayment

$0 / month

over 6 monthly repayments

Loan amount$0

Establishment fee (5%)$0

Interest (24% p.a.)$0

Total to repay$0

Get started

This calculator is a guide only and does not constitute a quote, an offer of credit, an indication of eligibility, or financial advice. Figures are estimates based on a fixed rate of 24% p.a. calculated on the reducing balance, a one-off establishment fee of 5% of the loan amount (no interest is charged on the fee), and are rounded. Your actual repayments, fees and total cost depend on your application and assessment.

How a Personal Loan repayment is worked out

Three parts, and that is the whole list.

The amount you borrow. Between $2,001 and $5,000. This is the principal, and you repay all of it. The setup fee. A fixed 5% of the amount you borrow, charged once. On a $2,500 loan that is $125. On a $4,000 loan it is $200. It does not change with the term, so a longer loan does not mean a bigger fee. Interest. Up to 24% p.a. Unlike the setup fee, interest is affected by time: the longer you take to repay, the more of it you pay in total. That is the trade-off in choosing a term. A shorter term means larger individual repayments but less interest overall. A longer term means smaller repayments but more interest by the end. There are no late fees and no early repayment fees, so paying it off ahead of schedule costs you nothing extra. Your repayments are then scheduled across the term you are approved for, from 3 months up to 12 months, and debited automatically. The exact figures for your loan, including how the interest is applied, are set out in your credit contract, and that is the document that governs what you repay.

What the calculator cannot tell you

An estimate is not an offer, and it is worth being clear about the gap between the two.

It cannot tell you whether you will be approved. Every application goes through a credit assessment against Beforepay's eligibility criteria: 18 or over, an Australian resident, employed with a regular wage, less than 51% of total income from Centrelink, valid Australian ID, and no other active Beforepay loan. It cannot tell you the amount or term you will be offered, because those come out of that assessment rather than the number you type here. It cannot tell you your exact rate either, since 24% p.a. is a maximum and your contract holds the figure that counts. And it cannot tell you whether borrowing is the right move. If the repayment looks tight against your pay, it probably is. If the pressure behind the expense is ongoing rather than one off, a hardship arrangement, a payment plan or free financial counselling through the National Debt Helpline on 1800 007 007 may do more than a loan will. If you need under $2,001, a Pay Advance is the product rather than this one.

Comparison rate, and why it is not the same as your rate

You will see a comparison rate of 29.50% p.a. quoted for the Beforepay Personal Loan. It is higher than the 24% p.a. maximum interest rate, and that is not a contradiction. A comparison rate rolls the interest and the fees into a single figure so that products can be lined up against each other, which is exactly what it is for.

The important caveat: it is calculated on a standardised example set out in the product disclosure, and it is true only for that example. Different amounts, terms or fees produce a different comparison rate. Use it to compare lenders against each other on a common basis. Do not use it to work out what you personally will repay, because that is what your loan contract is for.

OUR LOANS

Find a loan that fits

Beforepay has a loan to suit almost any occasion, whether you need a little extra for a sudden expense or are planning for something bigger.

SHORT TERM

Beforepay Pay Advance

Need cash before payday? Get money in your account in as little as 5 minutes.

Borrow $50–$2,000†

Repay within 62 days

Approved in under 60 seconds

BEST FOR

Covering unexpected bills, rent shortfalls, or bridging the gap until your next paycheck.

Learn More

LONG TERM

Beforepay Personal Loan

Larger expenses on the horizon? Get bigger amounts and longer to repay with Personal Loan.

Borrow $2,001–$5,000†

3-12 month terms§

Competitive interest rate‡

No hidden fees ever

BEST FOR

Car repairs, medical bills, moving costs, travel, or any larger purchases you want to pay off over time.

Learn More

How it works

A fast loan is only 3 steps away.

Create your account

Getting started is simple - sign up online or download the Beforepay app.

Connect your bank

Connect your bank account to explore your loan options or use Beforepay's money tools.

Choose your loan

Borrow up to $2,000 with Pay Advance or apply for a Personal Loan of up to $5,000. Eligibility criteria applies.

Create your account

Getting started is simple - sign up online or download the Beforepay app.

Connect your bank

Connect your bank account to explore your loan options or use Beforepay's money tools.

Choose your loan

Borrow up to $2,000 with Pay Advance or apply for a Personal Loan of up to $5,000. Eligibility criteria applies.

ACTUAL REAL PEOPLE

FAQs

Everything you need to know.

What products do Beforepay offer?

Beforepay offers two loan products and two financial support tools:

Pay Advance: A short-term loan of up to $2000 designed to support working Australians with short-term money gaps.
Personal Loan: A longer-term loan of up to $5000 over 3-12 months, designed for planned expenses.
Budgeting & Spending Insights: An automated budgeting tool that organises your transactions into pre-built categories for convenient expense tracking.

Our automated budgeting tool organises your transactions into pre-built categories for convenient real-time expense tracking. Spending insights provides a birds-eye-view on your spending patterns over time, helping you see where your money is really going.

Compare & Save: A utility comparison tool helping you compare electricity, gas, internet, and mobile providers.

Does Beforepay charge late fees?

No, Beforepay doesn’t charge any late fees. All our fees are clearly shown upfront before you accept your loan.

Does Beforepay charge early repayment fees?

No, Beforepay doesn’t charge any early repayment fees. All our fees are clearly shown upfront before you accept your loan.

What loans does Beforepay offer?

Beforepay offers two main loan products:

Pay Advance: A short-term loan of up to $2,000 designed to support working Australians with short-term money gaps.
Personal Loan: A longer-term loan of up to $5,000 over 3-12 months, designed for planned expenses.

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Applications are typically approved in under 60 seconds, though some applications may require additional review.

† Approved loan amounts are subject to Beforepay’s lending criteria and verification requirements.

‡ Comparison rate calculated on a $2,500 loan over a 2-year term.

‡ WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or loan amounts may result in a different comparison rate.

Terms and conditions apply. All applications are subject to credit assessment, eligibility criteria and lending limits. Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. BPG Credit Pty Ltd, ABN 59 673 570 575, Australian Credit Licence 554659, is the credit provider for Beforepay Personal Loans. Beforepay Pay Advance is offered by Beforepay Finance Pty Ltd, ABN 45 636 670 525. Both entities are subsidiaries of Beforepay Group Limited, ABN 63 633 925 505. Level 9, Suite 1, 77 Castlereagh Street, Sydney NSW 2000. Beforepay Group Limited and its Beforepay goods and services are in no way sponsored, approved or affiliated with Quadpay Inc., Openpay Pty Ltd, Afterpay Pty Ltd, ZipMoney Payments Pty Ltd and their associated entities/affiliated companies. Bank logos and trademarks are the property of their respective owners and are used for identification purposes only. No endorsement or affiliation is implied.

Personal Loan Repayment Calculator

What this calculator does