Calculator
Extra Repayments
Estimate how extra repayments could reduce your loan term and interest.
Plan ahead
See the impact of paying more
Use this calculator to explore how extra repayments may shorten your loan term and reduce the total interest paid over time. It is a practical way to compare different repayment strategies before speaking with a broker.
Repayment strategy
Make every repayment work harder
Extra repayments can be a simple way to strengthen your position sooner. This calculator helps you compare scenarios so you can see how paying more may reduce interest, shorten your loan term, and improve long-term flexibility.
Benefit
Reduce interest sooner
Paying down principal earlier may lower the total interest charged across the life of your loan.
Outcome
Shorten your loan term
Consistent extra repayments may help you reach your repayment goals earlier and with more confidence.
Guide
This calculator is best used as a planning tool. Actual results will vary based on your loan structure, interest rate, repayment frequency, and whether your lender permits unrestricted additional repayments.
Questions
Frequently asked questions
Clear answers to common questions about using extra repayments as part of a smarter home loan strategy.
Will extra repayments always save interest?
In many cases, yes. Paying more than the minimum can reduce your outstanding balance faster, which may lower the interest charged over time. The exact result depends on your loan terms and how your lender applies repayments.
Can I make extra repayments on any home loan?
Not always. Some fixed-rate loans and certain products may limit additional repayments or charge fees. It is worth checking your loan features before deciding on a repayment strategy.
Should I use this calculator before refinancing?
Yes. It can help you compare whether increasing repayments on your current loan may improve your position, or whether a refinance conversation could deliver a better overall outcome.
Important Information
This calculator provides general information only and does not take into account your personal objectives, financial situation, or needs. Results are estimates only and should not be relied on as financial advice or a loan approval outcome.
Calculator tools and branding are provided as embedded resources and remain unchanged on this page. For tailored guidance, speak with Links Property Finance about your options.
Next step
Talk through your repayment strategy
If you are weighing up extra repayments, refinancing, or a better loan structure, we can help you compare the options with clear guidance.