Extra Repayments Calculator
See how making extra repayments on your loan reduces total interest and shortens your loan term. Even small additional payments can save thousands in interest over the life of your loan.
Why make extra repayments?
Extra repayments reduce your loan principal faster, which means less interest accrues over time. Whether it's $50 or $500 extra per month, the compounding effect of reducing principal early can save you years of payments and tens of thousands in interest. Many Australian home loans offer free extra repayments with offset and redraw facilities.
Extra Repayments Calculator — Save Interest on Your Loan
Free extra repayments calculator. See how making extra payments on your home loan or personal loan reduces interest costs and shortens your loan term. Compare scenarios and find the optimal extra payment amount.
Interest Saved$63,174
New Loan Term264 months (22y 0m)
Standard Repayment$3,222
Extra Repayment Total$3,422
Original Term25 years (300 months)