Can every loan accept extra repayments?
Variable loans often can, while fixed loans may cap them or charge break costs. Check the loan terms.
Pay down sooner
Extra home loan repayments calculator
See how an additional monthly repayment may shorten your home loan and reduce total interest.
Indicative result
- Estimated time saved
- 5 years 6 months
- Estimated interest saved
- $157,426
The estimate assumes a constant interest rate and that every extra repayment remains in the loan. Results are educational estimates only. Borrowing power uses a simplified net-income assumption rather than current tax tables or lender policy. The duty tool is a broad planning range, not a duty calculation. Results may omit fees and concessions and are not an offer, approval, tax advice or financial advice.
Questions about this estimate
Is an offset the same as an extra repayment?
Both may reduce interest, but offset funds remain in a linked account while extra repayments reduce the loan balance and may be accessible only through redraw.
Start your enquiry
Turn the estimate into a real comparison
Tell us what you are planning and we will help compare suitable lender options for your circumstances.
- A response within one business day
- Compared across banks and specialist lenders
- No obligation and no cost to compare
Every enquiry lands directly with our finance team.