Extra Payments
Work out the impact of making extra repayments on your loan
Want to find out how much you can save by making additional repayments on your loan? Our
extra repayment calculator gives you an estimate of the saving in interest and loan term
additional repayments can give you.
This is a great way to plan for paying your loan down faster. By securing a competitive rate and
making additional repayments you can save a lot of money in the long run and even shave years
off your mortgage.
By entering the loan amount, interest rate, remaining loan term and how much additional
repayments you are prepared to make, the calculator will assess the impact of these payments
on your overall mortgage. You can play around with different levels of additional repayments to
find out what suits you.
Make sure you enter realistic figures to get a more accurate picture of what you can comfortably
afford to make. It is important that you have a clear goal and plan for your mortgage, and this tool
is great when looking at ways to pay it off sooner or reduce interest. To work out different rates of
repayments, pair this calculator with our home loan repayment calculator.
“*The calculator has been provided in good faith as a guidance tool only. Results are not financial advice, are a guide only, and are not a guaranteed outcome or quote. Borrowers should always discuss their individual situation with an Australian Credit Licensee or authorised Credit Representative”
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If you have any questions about lending no matter what is it or if you know what you want and are ready to move
forward…we can help!
forward…we can help!
Our friendly staff will answer your questions and step you through the process. Contact us today!