$5,000 Personal Loan Repayments
What a $5,000 personal loan costs each month, fortnight and week at rates from 9% to 15%, over one to seven years.
$5,000 personal loan: monthly repayments by rate and term
| Term | 9% | 11% | 13% | 15% |
|---|---|---|---|---|
| 1 year | $437 | $442 | $447 | $451 |
| 2 years | $228 | $233 | $238 | $242 |
| 3 years | $159 | $164 | $168 | $173 |
| 4 years | $124 | $129 | $134 | $139 |
| 5 years | $104 | $109 | $114 | $119 |
| 6 years | $90 | $95 | $100 | $106 |
| 7 years | $80 | $86 | $91 | $96 |
Total interest you'd pay
A shorter loan has higher repayments, but you pay far less interest overall.
| Term | 9% | 11% | 13% | 15% |
|---|---|---|---|---|
| 1 year | $247 | $303 | $359 | $415 |
| 2 years | $482 | $593 | $705 | $818 |
| 3 years | $724 | $893 | $1,065 | $1,240 |
| 4 years | $972 | $1,203 | $1,439 | $1,679 |
| 5 years | $1,228 | $1,523 | $1,826 | $2,137 |
| 6 years | $1,489 | $1,852 | $2,227 | $2,612 |
| 7 years | $1,757 | $2,191 | $2,641 | $3,105 |
What this loan really costs
At 11% over five years, a $5,000 loan costs $1,523 in interest, so you'd repay $6,523 altogether. Fees aren't included here. A $250 establishment fee and a monthly account fee can add noticeably to the cost, which is why lenders must show a comparison rate. The personal loan calculator includes fees and shows the effective rate.
Other loan amounts
$10,000 · $15,000 · $20,000 · $25,000 · all amounts
Principal and interest repayments at a fixed rate, before fees. Estimates only. Your lender's rate depends on your credit history, income and whether the loan is secured.
Frequently asked questions
What are the repayments on a $5,000 personal loan?
At 11% over five years, about $109 a month, $50 a fortnight or $25 a week, before fees. At 9% it's $104 a month, and at 15% it's $119.
How much interest will I pay on a $5,000 loan?
About $1,523 over five years at 11%. Over three years it drops to $893, and over seven years it rises to $2,191.
What income do I need for a $5,000 personal loan?
Lenders look at your whole budget, not a set income. As a rough guide, keep all your debt repayments well under a third of your take-home pay. The $109 monthly repayment at 11% over five years is easier to manage on a longer term, but costs more in interest.
Last reviewed October 2026. Estimates for general information only, based on 2026–27 rates. Check important figures with the relevant government agency or a licensed professional.