Personal Loans

Expert Guidance For Your Personal Loan

Need a personal loan without the hassle? At Lending Array, we make borrowing simple and stress-free. Whether it’s for a dream wedding, home upgrades, an overseas trip, or consolidating your debts, we’ve got you covered. Our fast approvals mean you can access funds quickly. With flexible options for both secured and unsecured loans, we make sure you get a solution that fits your needs perfectly.

At Lending Array, we go beyond the one-size-fits-all approach of traditional banks. From car loans to overdraft facilities, we offer competitive rates and flexible terms that work around your goals. Our team is here to guide you through every step, taking the stress out of paperwork and approvals. Whether you need a big-ticket item or want to simplify your finances, Lending Array makes it easy to get the funds you need—fast, reliable, and stress-free. Let’s help you turn your plans into reality today!

Personalised Guidance For Your Personal Loan Needs

At Lending Array, we understand that finding the right personal loan can feel challenging. Whether you’re planning a big purchase, consolidating debt, or managing unexpected expenses, our team is here to make the process simple and stress-free.

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Description

This interest only mortgage calculator helps you work out what your regular repayments during and after interest only period will be based on your loan amount. Repayments frequency can be changed to monthly, fortnightly or weekly. Calculate both Principal and Interest repayments for a loan term.

Assumptions
  • It does not take into account any possible up-front fees. Only Ongoing fees are used not Upfront or End of loan fees (i.e. discharge costs)
  • Interest rate does not change over the loan term.
  • Interest is calculated by compounding on the same repayment frequency selected, i.e. weekly, fortnightly, monthly. In practice, interest compounding frequency may not be the same as repayment frequency.
  • It is assumed that a year consists 26 fortnights or 52 weeks which is counted as 364 days rather than 365 or 366 days.
  • No rounding is done throughout calculation whereas repayments are rounded to at least the nearer cent in practice.