➕ Extra Repayment Calculator
See exactly how much time and interest you save by making extra repayments on your loan. Small extra payments can save thousands.
📝 Loan Details
📊 Your Results
➕
Enter your loan details and click Calculate Savings to see how much you save with extra repayments.
Total Interest Saved
$0
by making extra repayments
Without vs With Extra Repayments
Without Extra
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loan term
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total interest
✅ With Extra
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loan term
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total interest
Regular Repayment—
New Total Payment—
Time Saved—
Interest Saved—
New Loan End Date—
💡 Tips for Making Extra Repayments
📅
Pay Fortnightly Instead of Monthly
Switching to fortnightly repayments can help you make extra progress each year.
🎁
Use Windfalls Wisely
Tax refunds, bonuses, or inheritances can reduce your balance faster.
🔄
Round Up Your Repayments
Small rounded-up repayments can create large long-term savings.
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Use an Offset Account
An offset account may reduce daily interest while keeping cash accessible.
📋
Check Early Fees
Some fixed-rate loans charge fees for extra repayments.
📈
Start Early
Extra repayments made earlier usually save more interest.
⚠️ Disclaimer: This calculator is for illustrative purposes only and does not constitute financial advice. Results are estimates based on a fixed interest rate and equal periodic repayments. See our full Disclaimer.
Want a Lower Interest Rate?
Refinancing to a lower rate combined with extra repayments can save even more.