Compare Loan Types

Enter your loan details, i.e. interest rate, term, loan amount and payment frequency then click the 'CALC' button. Refer to the 'Results' field at the bottom to see what the payments would be on each of the different loan types. You will also see what the interest cost is for the term of your loan under each loan type. Go to interest rates for a guide to current rates*

If you want to enter other options, be sure to refresh your result by re-clicking the 'CALC' button after you have input your new criteria.

Input

%
years
$

Results

Table loan Interest Only Reducing
Repayments
Total interest cost for the term of your loan
* If you are borrowing greater than 80% loan to value ratio (LVR,) banks will charge an additional interest margin known as a low equity margin (LEM) and/or a low equity fee (LEF). The LEM typically ranges between 0.25% and 1.50% depending on the actual LVR.