Loan Repayment Calculator
Use our loan repayment calculator to estimate what your weekly, fortnightly, or monthly repayments will be on your home loan.
Estimate Your Repayments
How to Use This Calculator
This calculator helps you estimate your loan repayments based on a few key details.
Loan Amount: The total amount you wish to borrow.
Interest Rate: The annual interest rate for the loan.
Loan Term: The period over which you will repay the loan.
Repayment Frequency: How often you will make repayments (e.g., weekly, fortnightly, or monthly).
The result is an estimate of your regular repayment amount.
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Frequently Asked Questions
What is principal and interest?
A principal and interest loan involves making repayments that cover both the interest charged by the lender and a portion of the original loan amount (the principal). This ensures your loan balance reduces over time.
How does the loan term affect my repayments?
A shorter loan term (e.g., 25 years) will result in higher regular repayments but lower total interest paid. A longer term (e.g., 30 years) will have lower repayments but you'll pay more interest over the life of the loan.
What's the difference between P&I and interest-only?
Principal & Interest (P&I) repayments reduce your loan balance. Interest-only (IO) repayments only cover the interest, so the loan balance doesn't decrease. IO periods are usually for a limited time, often used by investors.
Why should I get a home loan pre-approval?
Pre-approval gives you a clear idea of how much you can borrow, allowing you to search for properties with confidence. It also shows sellers and real estate agents that you are a serious buyer.