Frequently Asked Questions

  • Your repayment is calculated based on the loan amount, interest rate, and loan term you select. This calculator uses a standard principal and interest formula assuming monthly repayments.

  • It shows the total amount of interest you would pay over the full life of the loan, assuming no extra repayments and the interest rate stays the same.

  • Yes, increasing the loan term can reduce your monthly repayment, but you’ll usually pay more interest over time.

  • This calculator assumes a fixed interest rate. If you choose a variable rate loan, your repayments may increase or decrease over time.

  • No. This calculator is designed for principal and interest loans only. Interest-only loans will have lower repayments during the interest-only period but may cost more in the long run.

  • The results are a guide only. They don't factor in fees, lender policies, or your specific financial situation. Speak to a broker to get a personalised assessment.

  • Yes, you can use it to estimate repayments for any property loan. Just make sure the figures you enter reflect your intended loan purpose.

  • Extra repayments reduce the principal faster, which can save you thousands in interest and cut years off your loan. Use an offset or extra repayment calculator to see the impact.

  • Rates vary based on the lender, your deposit, loan type, and credit history. A broker can help you compare the best options currently available. Speak to us for a free-of-charge loan consultation.

  • This calculator shows repayments, not borrowing power. Speak to us to find out how much a lender might offer based on your income and expenses.