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What will my loan repayments be?

Work out how much will your loan repayments be with our Loan Repayment Calculator or use our Interest Only Mortage Calculator

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1

Enter your intended loan details.

2

Adjust any of these measures and see straight away what your repayments will be for varied scenarios.

3

Work out what your monthly home loan repayment will be.

  • Loan Repayment Calculator
  • Interest Only Mortgage Calculator

People also ask about loan repayments

How are home loan repayments calculated?

Home loan repayments are calculated based on the loan amount, interest rate, loan term and repayment frequency. The repayments cover both the interest and a portion of the loan principal, ensuring the loan is paid off in full by the end of the term. For fixed-rate loans, repayments stay the same, while variable loans may change with interest rate adjustments.

What’s the difference between principal and interest?

  • Principal is the amount you borrowed.
  • Interest is the cost charged by the lender for borrowing that money. In the early years of your loan, a larger portion of your repayments goes towards interest.

What happens if I make extra repayments?

Making extra repayments (on variable loans or loans with redraw) can reduce your interest and help you pay off your loan faster. Check with your lender to see if fees or restrictions apply.

Can I pay off my loan early?

Yes, most loans allow for early repayment, but some fixed loans may charge a break cost. Check your loan terms or speak with your lender before making an early payout.

Is this calculator’s result exact?

No. It’s an estimate only. Your actual repayments may differ based on your lender’s terms, fees and your specific loan structure.

How does it work?

1

Submit Your Application

We process your application and supporting documents, and issue you with a complimentary conditional written approval within 48 hours.

2

Valuation & Income Verification

We will begin our valuation and income verification process after Application Fee and Valuation Fee are settled.

3

Documents Signing

We will issue you the formal loan approval, then we will forward you all the necessary documents you need to sign.

4

Settlement

We finalise your settlement, and your loan is released to you. Congratulations!