Renovation loan repayment calculator

Planning to upgrade your kitchen, add a new deck, or tackle a full home makeover? Our renovation loan calculator helps you see what your repayments could look like.

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Renovation Loan Calculator

Estimate your repayments before you start building

Wondering how much is a $15,000 renovation loan over 3 years or what kind of renovations you could do for $150 a week? Whatever numbers you'd like to run, our calculator gives you a quick estimate. Adjust the sliders to explore estimated weekly, monthly, and total repayments for your chosen loan amount, term, and interest rate. These figures are a guide only — your actual rate and repayments will be determined after your application is assessed.

$15,000
48 months
10.95%

Renovation Loan Calculator

$92

Weekly Repayments

$400

Monthly Repayments

$19,200

Total Amount Repayable

The repayment amounts shown include Establishment and Introducer fees totaling $495 and a PPSR Fee of $8.05. These fees are examples only and they exclude ongoing fees. The actual fees charged may vary based on your circumstances and the chosen lender.

Example loan scenarios

What could your renovation repayments look like?

These sample loan scenarios show how term, rate, and amount can change your repayments and total cost - for illustration only.

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Renovation Loan – Three Year Term

Loan amount: $15,000
Interest rate: 9.85% p.a.
Establishment/Introducer Fees: $503
Estimated total cost: $17,964
Estimated weekly repayment: $115
Estimated monthly repayment: $499

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Renovation Loan – Five Year Term

Loan amount: $25,000
Interest rate: 10.45% p.a.
Establishment/Introducer Fees: $503
Estimated total cost: $32,8800
Estimated weekly repayment: $126
Estimated monthly repayment: $548

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Renovation Loan – $150 per week repayment

Estimated loan amount: $13,500
Interest rate: 10.75% p.a.
Loan Term: Two Years
Establishment/Introducer Fees: $503
Estimated total cost: $15,624

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Run your own numbers

Adjust the loan amount, term, and interest rate to see how your renovation plans could align with your budget. Use the results as a guide to help you decide on your next step.

Plan your project with confidence

Why use the renovation loan calculator?

See repayments instantly

Enter your loan amount, term, and interest rate to view estimated weekly and monthly repayments in real time — so you can explore options before you apply.

Explore project budgets

From smaller fixes to large-scale renovations, see how different loan amounts could fit into your budget.

Understand the total cost

Get a view of the estimated total amount you’ll repay over the term, factoring in interest and fees, so that you can plan with the whole picture in mind.

Finance your dream renovation

From fresh paint to full extensions, we’ll help you find a loan option that supports your project and your budget.

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FAQ

Understanding renovation loan repayment estimates

Here’s how our renovation loan calculator works and what to consider when planning your project.

How does the renovation loan calculator work?

You enter a loan amount, term, and interest rate, and the calculator shows estimated weekly, monthly, and total repayments. These figures are for guidance only — final loan details will be confirmed after your application.

How are renovation loan repayments calculated?

Repayments are based on the amount you borrow, the length of your loan term, the interest rate, and any fees. The calculator uses these details to give you an estimate of your likely costs.

What factors can change my repayments? 

The loan amount, term, interest rate, and any fees will all impact your repayment size and the total cost of the loan.

Can I compare different budgets?

Yes — change the figures in the calculator to see how larger or smaller projects could fit into your budget.

Why do fees affect the total cost?

Fees are generally added to your loan balance, which increases the amount used to calculate repayments.

How accurate are the calculator results?

They’re estimates only. Your actual repayments may differ once your application has been assessed, and your final loan terms are set.

*Fixed interest rates for vehicle loans range from 7.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60-month loan term. Fixed interest rates for personal loans range from 9.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60-month loan term. The actual interest rate charged to you will depend on your circumstances, the type of lending required, the security provided, and is determined by the lender. 

Fees apply, including an establishment fee of up to $350 and an introducer fee of up to $995. Also, lenders may charge a PPSR fee of between $0 and $14. For example: On a loan of $10,000 over 24 months at 9.95% p.a. with Establishment and Introducer fees totalling $495 and a PPSR Fee of $7.39, the total amount to repay is $11,627 which is 24 monthly payments of $485. Those amounts don’t include ongoing fees, such as Service Fees, charged by the lender. You can find full fee information in the loan contract. We recommend that you check the fees before accepting the loan offer. See more about lender fees here.

Approval is subject to meeting lending criteria, and affordability test applies. Our lender will independently assess whether you are eligible for a loan.
Same day payout subject to the applicant meeting the above conditions and completing loan documentation by 12pm.