Loan Repayment Calculator

MyChoice Home Loans makes it easier to take control and start planning now to achieve your goals. Our Loan Repayment Calculator lets you see at a glance what your repayments will be for a range of different loan scenarios. Simply follow these steps to find out how much you’ll need to budget for:

  1. Enter a loan amount and specify a loan interest rate
  2. Adjust the period of time (loan term) over which you’ll pay off the loan (loan term)
  3. Choose the frequency of your repayments, eg monthly or fortnightly, and your loan type, either principal + interest, or principal only
  4. Adjust any of these measures and see straight away what your repayments will be for varied loan scenarios
  5. For example, discover how you might reduce your monthly repayments by paying off your loan in 25 years instead of 30 years
 

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