Making even small extra repayments to your loan each fortnight or month can add up to make a big difference on how much you will save on interest long term. It could also reduce your loan term. At Launch Finance, we recommend using the extra repayment calculator below to find out how you can save. Simply enter your loan amount, interest rate, loan term, payment frequency, extra amount and when that repayment schedule will start. The calculator will show you both your time and interest amount saved!
Disclaimer:The information provided by this calculator is indicative only and does not constitute professional advice. The calculator provides you with an estimate of how much you may be able to save based on the information you have entered. This is a handy first step before speaking with your mortgage broker. The calculations should not be relied upon for the purposes of entering into any financial commitment.