How many years do you want to take to repay the loan?
Years
How many years do you want to take to repay the loan?
The interest rate will default to the product you selected. You can also increase or decrease the rate to understand the effect on your repayments and total interest payable.
3.49% p.a.%
The interest rate will default to the product you selected. You can also increase or decrease the rate to understand the effect on your repayments and total interest payable.
Product or repayment settings have limited the savings options available. An Interest only repayment type usually does not allow any extra repayments to be made.
Paying more than your minimum repayment will save interest in the long run. See how much you'll save with just $100 extra.
Enter extra amount you plan to make for every repayment.
$
Enter extra amount you plan to make for every repayment.
$0$10k
$
$0$10k
Enter average account balance you'd have over a month. Interest is charged on the loan balance less the offset account balance.
$
Enter average account balance you'd have over a month. Interest is charged on the loan balance less the offset account balance.
$
$0$0
Enter lump sum amount you plan to make against the loan.
$
Enter lump sum amount you plan to make against the loan.
Lump sum is paid after the number of years you enter here.
10 means "pay the lump sum after 10 years" i.e. at the first period of year 11. Enter 0 to pay a lump sum at the very start of a loan.
Lump sum is paid after the number of years you enter here.
10 means "pay the lump sum after 10 years" i.e. at the first period of year 11. Enter 0 to pay a lump sum at the very start of a loan.
See how you can pay off your loan faster
Outstanding
$0
Principal
$0
Interest
$0
Year 0
0Repayment progress30
Regular repayment
$1,794per month for 30 years
Variable Interest Rate
3.49% p.a.
Total interest payable
$245,821
over
30 years
Outstanding
$0
Principal
$0
Interest
$0
Year 0
0Repayment progress30
Calculator Disclaimer The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change. Calculator by Widget Works.