Our loan term calculator can be used as a guide to determine how long it will take to repay your personal loan or home loan. In addition, the calculator will calculate how much interest you will pay over the life of the loan. To make best use of our loan term calculator, you should experiment by entering different monthly repayment amounts. For an average home loan of approximately $250,000, by increasing payments by as little as $50 a month, you can cut the number of years it takes to pay off your loan and significantly decrease the total amount of interest paid.
Please note the results from this calculator should be used as an indication only. There are a large number of lenders in Australia all with different lending conditions and your individual circumstances are unique as well. If you want more precise results please contact us for a free personalised consultation.
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Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information or advice on this website, you should consider the appropriateness of it (and any relevant product) having regard to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. Please note our advice does not include independent financial, legal and taxation advice prior to acquiring a product.
Not all providers of insurance, mortgages, and credit cards on the market are included in our comparisons. The amount of any savings will depend on your circumstances.
The financial products compared on this website do not necessarily compare all features that may be relevant to you. Comparisons are made on the basis of price only and different products may have different features and different levels of coverage.
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Rate Detective aims is to save its customers money, time and effort through its innovative rate comparison website designed specifically to cater the needs of the Australia market. Rate Detective is a one stop online shop that provides the necessary tools to help you find and compare home loans, personal insurance, credit cards and travel insurance. Rate detective is even able to help you find suitable electricity providers!
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