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Australian Loan Calculator
Home, car & personal loan repayments — accurate, instant, free
AUD Extra Repayments Amortisation Table
Monthly Repayment
Based on 6% p.a. over 30 years
Total Repayments
Total Interest
Loan Details
$
$1K$250K$500K$750K$1M
%
0.1%10%20%
yrs
11530
Extra Repayments
Enable extra repayments to see how much time and interest you can save.
Payment Breakdown
First Payment$0.00
Principal: $0.00Interest: $0.00
Mid-Term Payment$0.00
Principal: $0.00Interest: $0.00
Principal Interest
Loan Summary
Principal$300,000.00
Interest Rate6% p.a.
Term30 years
Frequencymonthly
Number of Payments360
Monthly Repayment$0.00
Amortisation
| # | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $298.65 | $1,500.00 | $299,701.35 |
| 2 | $300.14 | $1,498.51 | $299,401.20 |
| 3 | $301.65 | $1,497.01 | $299,099.56 |
| 4 | $303.15 | $1,495.50 | $298,796.40 |
| 5 | $304.67 | $1,493.98 | $298,491.73 |
| 6 | $306.19 | $1,492.46 | $298,185.54 |
| 7 | $307.72 | $1,490.93 | $297,877.82 |
| 8 | $309.26 | $1,489.39 | $297,568.56 |
| 9 | $310.81 | $1,487.84 | $297,257.75 |
| 10 | $312.36 | $1,486.29 | $296,945.38 |
| 11 | $313.92 | $1,484.73 | $296,631.46 |
| 12 | $315.49 | $1,483.16 | $296,315.96 |
Rate Sensitivity
5.00% p.a. $1,610.46 ▼$1,610.46
5.50% p.a. $1,703.37 ▼$1,703.37
6.50% p.a. $1,896.20 ▲$1,896.20
7.00% p.a. $1,995.91 ▲$1,995.91
Loan Types Explained
- Fixed Rate: Locked rate for 1–5 years — certainty and stability.
- Variable Rate: Moves with the RBA cash rate — flexibility with offset accounts.
- Split Loan: Part fixed, part variable — balance both worlds.
- Interest Only: Pay just interest for a set period — popular with investors.
Before You Borrow
- Aim for a 20% deposit to avoid Lenders Mortgage Insurance (LMI).
- Check your credit score — lenders use it to set your rate.
- Reduce existing debts to improve your borrowing capacity.
- Explore First Home Owner Grant (FHOG) or stamp duty concessions.
Money-Saving Tips
- Switch to fortnightly payments — equivalent to one extra month per year.
- Use an offset account to reduce the daily interest calculated.
- Make extra repayments whenever possible — even small amounts help.
- Review and refinance annually — a 0.5% rate cut saves thousands.
Disclaimer: This calculator provides estimates for illustrative purposes only and does not constitute financial advice. Results are based on the inputs provided and assume constant interest rates. Always consult a licensed mortgage broker or financial adviser before making borrowing decisions. Rates shown are per annum and calculations use standard PMT methodology.