Work out how much interest and time a one-off lump sum payment could save on your loan.
Illustrative rate, not a lender offer
Repayment frequency
Interest you could save
$53,341
- Repayment per month
- $2,271.16
- New loan term
- 27 years, 4 months
- Interest, no lump sum
- $417,616
- Interest, with lump sum
- $364,275
Yr 30
No lump sum$0
With lump sum$0
Calculator results are indicative estimates only and do not constitute a finance quote, offer, approval or financial advice. Actual repayments, rates, fees and loan terms depend on the lender, product and individual circumstances.
How the lump sum repayment figures are worked out
- 01
Enter your loan, then the lump sum and when you would pay it.
- 02
The lump sum comes off the balance and your regular repayment stays the same, so the loan clears sooner.
- 03
The earlier the lump sum goes in, the more interest it saves. Check your contract for any early repayment fees.
Calculator results are indicative estimates only and do not constitute a finance quote, offer, approval or financial advice. Actual repayments, rates, fees and loan terms depend on the lender, product and individual circumstances.
- Asset finance repaymentsRepayments on a vehicle, truck, machine or equipment, with deposit, trade-in, fees and balloon.
- Balloon paymentCompare no balloon with a smaller and larger one, and see the repayment and total cost of each.
- Extra repaymentsFind out how much time and interest an extra amount each month could save.
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