Loan Calculator
Work out your repayments for a home, car, or personal loan — then see exactly how much extra repayments would save you in interest and time, with a full year-by-year schedule.
✓ Extra repayments add up
Even a small extra amount each period can cut years off a long loan and save thousands in interest.
⚠ Fixed vs variable
This calculator uses a flat rate for the full term. A variable-rate loan's repayments can change if rates move.
ⓘ Compare the comparison rate
The interest rate alone doesn't show the full cost — check a loan's comparison rate before deciding.
Leave extra repayment at 0 to see the standard repayment only.
Your last calculations
Change any field and a calculation will be saved here automatically.
Year-by-year amortization schedule
| Year | Principal paid | Interest paid | Balance remaining |
|---|
CalcuHive — Loan Repayment Summary
Four steps to your repayment plan
Enter the loan amount
How much you're borrowing, or currently owe.
Rate & term
The annual interest rate and the loan term in years.
Choose frequency
Weekly, fortnightly, or monthly repayments.
Add extra repayments
See the interest and time you'd save, optional.
Common loan types at a glance
| Loan type | Typical term | Usually secured by |
|---|---|---|
| Home loan | 25–30 years | The property being purchased |
| Car loan | 3–7 years | The vehicle |
| Personal loan | 1–7 years | Often unsecured |
| Investment loan | 25–30 years | The investment property |
Common questions
What's the difference between a fixed and variable rate loan?
A fixed rate stays the same for a set period, so repayments don't change. A variable rate can move up or down over the life of the loan, changing your repayments. This calculator assumes a flat rate for the full term.
How do extra repayments save me money?
Extra repayments reduce your loan balance faster, which means less interest accrues on the remaining balance. Even small regular extra amounts can cut years off a long-term loan and save a significant amount of interest.
What's a comparison rate?
A comparison rate combines the interest rate with most fees and charges into a single percentage, making it easier to compare the true cost of different loans. This calculator uses the interest rate only, not a comparison rate.
How often can I make repayments?
Most Australian lenders allow weekly, fortnightly, or monthly repayments. Paying more frequently, such as fortnightly instead of monthly, can slightly reduce total interest since more repayments are made per year.
Does this calculator include fees?
No. This calculator estimates repayments and interest based on the loan amount, rate, and term only. It doesn't include application fees, ongoing fees, or lender's mortgage insurance.
Related reading
How extra repayments really work
Why paying a little more each period saves more than it looks.
Read article →Fixed vs variable: which is right for you?
The trade-offs between rate certainty and flexibility.
Read article →What a comparison rate actually tells you
Reading past the headline interest rate.
Read article →This calculator provides estimates only, based on a flat interest rate for the full loan term. It doesn't include fees, charges, lender's mortgage insurance, or rate changes, and isn't a loan offer or financial advice. Compare actual loan products and their comparison rates before deciding.