Loan Repayments Calculator
The Loan Repayment Calculator allows you to work out what your minimum weekly, fortnightly or monthly loan repayments would be. The calculator is primarily used for home loan repayment calculations, however the compound interest formula and repayment structure used can also be applied to personal loans.
The calculator results should always be used as a guide only. You will need to speak with your bank and/or financial advisor for accurate repayments on the loan product you are investigating.
Loan Repayments Calculator - Step by Step Guide
The Loan Repayment Calculator is a very quick and easy to use tool that allows you to work out what the minimum weekly, fortnightly or monthly loan repayments would be for a loan you apply for.
- Enter your loan details: Loan Amount, the Interest Rate and the Loan Term.
- The final part of the calculation include the repayment frequency and the type of loan you are to repay.
- The repayment frequency button gives you three options being Weekly, Fortnightly and Monthly.
- The repayment type gives you two options, Interest Only or Principal & Interest.
- The Graph tells you what your repayments are and the Total Interest Payable over the duration of your loan.
*Please note that the figures displayed are to be used as a guide only.
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