Loan Repayment Calculator

Use the calculator to the right to determine how your repayments affect the life of your loan.

Disclaimer

• This is a model, not a prediction. Amounts and repayment periods are estimates only, actual amounts may be higher or lower.
• Results are based on information you have provided and do not take your personal circumstances into account.
• It applies to loans where your regular repayment includes both interest and the gradual repayment of the amount borrowed.
• Initial inputs will be displayed on the left hand side of the graph. Your ‘What if’ scenario (if applicable) will be displayed on the right hand side of the graph.
• It is not intended to be your sole source of information when making a financial decision. You may wish to consider getting advice from a licensed finance professional.
• Using this calculator does not guarantee you will be eligible for a loan. You will need to satisfy your lender’s lending criteria.

Assumptions

• Interest rates do not change for the life of the loan.
• Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly, monthly quarterly or annually.
• It does not take into account up-front fees such as loan establishment fees.
• It does not consider your ability to make the repayments shown. To help you consider the impact of interest rates changes, we suggest exploring the impact of a 2% interest rate rise. Interest rates could rise in future by more than 2%.
• Affordable repayments cannot be less than the fees entered.