Loan calculator
Pick a loan, enter how much you want to borrow and over how long, and we will show you an indicative repayment estimate.
Your indicative estimate
These figures are an indicative estimate only. They are not an offer of credit and not a quote. Any loan is subject to our assessment and approval, and the actual amounts in a loan contract you sign may differ from what is shown here. All amounts are in PGK and are rounded to the nearest toea (2 decimal places). Contact us and we will work out the real figures with you.
- Regular repayment
- Total you repay
- Total cost of credit
How we worked this out
- Interest rate basis: we take the loan's annual interest rate and divide it by the number of repayment periods in a year to get the rate for each repayment. There are 52 weekly periods, 26 fortnightly periods, or 12 monthly periods in a year.
- Number of repayments: we estimate this from the loan term — the term in months multiplied by the number of repayment periods per year, then divided by 12, and rounded to the nearest whole repayment (always at least one).
- Rounding: we calculate using full precision and then show amounts rounded to 2 decimal places (the nearest toea). The last repayment is adjusted slightly so that all your repayments add up exactly to the total you repay.
- How interest is charged: for flat-rate loans, interest is worked out on the original loan amount. For declining-balance loans, interest is worked out on the balance that is left as you pay the loan down.