Principal and Interest Calculator
Your home loan repayments are made up of your principal (the amount you borrowed) and your interest (calculated daily using the amount you still owe). Since interest is calculated daily, paying off your principal faster reduces the amount of interest you have to pay - ultimately saving you money.
Find out what portion of your monthly repayments goes towards paying off your principal and what portion are your interest payments.
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Want to your principal faster and reduce your interest?
Note: The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. It is advised that you consult your financial adviser before taking out a loan.
More information or help
For confidential assistance with your home loan or to talk to your local mortgage broker, call us at any time on 13 LOAN or call our direct line on +61 2 9249 3739.
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