Extra Repayments Calculator

What if I pay extra?

We all know that putting a little more money regularly onto your loan will help you to shave years off it. But how much time will you save?

Just change the repayment amount and you'll see how far you can reduce the term of your loan.

INSTRUCTIONS

  1. Calculate your loan
  2. Add an addtional repayment amount
Loan Details:
Amount borrowed:
$
Annual Interest Rate
$ %
Frequency of payment
$
Period of loan
$ year(s)
Repayments are:
$
 
Enter numbers only.
Do not enter dollar signs or commas.
Extra Repayments:
Extra amount (per payment) ($)
NEW regular payment
NEW length of loan