How Long will it take to Pay Off my Loan?

This How Long to Repay Calculator shows you how long it takes to pay off a loan based on different repayment amounts, repayment frequency and interest rates.

TIP:
Use our Budget Planner to identify any disposable income that can be redirected to increase your repayments. Consistent, long term payments above the minimum will have a significant impact on how much you can save.

Take a look at the Amortisation chart to see how the loan principal decreases over the life of the loan. With each payment, a portion is applied at reducing the principal and the remainder covers the interest on the loan. This chart shows the split on an annual basis.
 

Interest Rates Kept on Hold!

RBA Statement by Philip Lowe, Governor:

At its meeting today, the...

Digital vs Personal Service

 The digital revolution is coming.....or is...