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.
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.