Extra Repayment Calculator
Small extra repayments compound into astonishing results — often years off your loan and tens of thousands in interest saved. See exactly what your extra amount achieves.
Interest saved
$140,818
Estimates only - not an offer of credit or financial advice. Actual figures depend on your lender and circumstances.
FAQs
Good to know
How much difference do extra repayments really make?
On a typical loan, an extra $200/month can save years of repayments and a five-figure sum in interest. The earlier in the loan you start, the more dramatic the effect — this calculator shows your exact numbers.
Extra repayments or offset account - which is better?
Mathematically similar; practically different. Offsets keep funds accessible; extra repayments may sit behind redraw rules. Many borrowers use offsets for flexibility with the same interest effect.
Can I make extra repayments on a fixed rate?
Usually only up to an annual cap (commonly $10,000-$30,000) before break costs apply. Variable loans are typically unlimited. Split loans let you fix some certainty and keep a variable portion for extra payments.
Should I pay extra or invest the difference?
A personal decision involving risk, returns and tax — one for a financial adviser. What we can do is quantify the guaranteed 'return' of paying down your loan so you can compare properly.
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