Calculate Loan Repayments Using Custom Scenarios
Easily Work Out Your Loan Repayments
Use our Loan Repayment Calculator to help you decide what amount you want to borrow by calculating monthly, fortnightly or weekly repayments depending on your budget and preference.
Repayment settings have limited the savings options available. An Interest only repayment type usually does not allow any extra repayments to be made.
Extra Repayment Amount
Offset Account Amount
Lump Sum Amount
Lump Sum Year
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan or product. Results are based on information you have provided and does not take into account your personal circumstances. Using this calculator does not guarantee you will be eligible for a loan. You will need to satisfy your lender’s lending criteria. This calculator is not intended to be your sole source of information when making a financial decision. It is advised that you consult a professional financial advisor before taking out a loan.
Pay Off Your Loan Faster
Make an Extra Payment
By adding an extra payment each year, you’ll pay off your loan faster. This can be done by spreading the extra payment out over the entire year. To do this, divide your monthly payment by 12 and add that amount to each monthly payment.
Simplify Your Loans
If you have more than one form of unsecured debt, consolidating them into one loan can potentially reduce your interest and repayment amounts. Compare low interest loans on offer and find one lower than your current debts.
Sometimes it’s the little things that can make the most difference. If you’re dedicated to paying off your loan, saving a few dollars every day can really add up and help to cut down your loan faster. Work this into your budget by planning ahead.
Round Up Payments
Rounding up your loan payments to the nearest $50 or $100 each month will help pay off your loan faster. Even if you can only save $5 or $10 more each month, those few extra dollars can quickly add up towards carving time off your loan.