Spilt loan repayment calculator

About the spilt loan repayments calculator

If you are thinking of splitting your loan then this calculator will help you work out how it will effect the time it’ll take you to pay off your loan, and what your repayments will be. You might also like to take a look at the extra repayments calculator.

Instructions

Use the sliders to change the number of years and enter the size of the fixed portion of the loan into the field. You can adjust the loan term and the fixed period. The calculator will then give you the new repayment amount, total interest payable and the total cost of the loan.

As you'll see, fixing your loan at a slightly lower interest rate to the standard variable rate can have a significant impact on the total cost of the loan.

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Disclaimer: Calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product. Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as indication only. Advice should be obtained from a financial services licensee before making financial decisions. Calculator does not assume changes in the cost of living over time. Default assumptions: For the purpose of this calculator, all months are assumed to be of equal length. One year is assumed to comprise 52 weeks and therefore 364 days (as opposed to the actual 365 days or 366 days).