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Extra Repayment Calculator
See what paying a little more each period saves
About this calculator
Every dollar of extra repayment goes straight onto the principal, and the earlier you cut principal the less interest compounds against you. Enter your balance, rate and the extra you'd add to see the interest saved and years shaved off.
Frequently asked
Can I get extra repayments back later?
Most variable loans have a redraw facility, so extra repayments can usually be pulled back out — but terms vary by lender. If you want full flexibility, consider an offset account instead.