§ Tool · tier 1 · independent
Personal Loan vs Credit Card Calculator.
Compare borrowing costs between a personal loan and credit card to find the smarter option
CalculatorFree, no signupOn-deviceupd May 2026
Inputs
Your numbers
Awaiting inputs
Move the sliders or type in the form on the left — the math updates live as you go. Click Get AI verdict when you want a written analysis.
Not sure whether to use your credit card or get a personal loan? This calculator compares the true cost of both options, showing you total interest paid, time to pay off, and which option saves you more money.
§ Worked examples
Real-world scenarios
Wedding Expenses - $8,000
Jake needs $8,000 for wedding costs and can pay $400/month.
Inputs
amount:8,000cardRate:20plRate:9payment:400
Personal loan saves $1,200 in interest and pays off 4 months faster.
Laptop Purchase - $2,000
Emma wants a new laptop and can pay it off in $300/month.
Inputs
amount:2,000cardRate:19plRate:12payment:300
For smaller amounts paid quickly, credit card is simpler with minimal interest difference.
§ FAQ
Questions Australians ask
§ GlossaryPurchase Rate The interest rate your credit card charges on new purchases. Usually higher than balance transfer rates. Comparison Rate Personal loan rate that includes fees, giving a truer cost of borrowing. Minimum Payment Trap Paying only minimum amounts on credit cards extends debt for years and costs thousands more.