Choosing the right loan term can make a big difference to your finances. Our easy-to-use loan repayment calculator helps you see how your loan term affects repayments and the total interest you’ll pay over time.
Whether you’re comparing a shorter 15-year loan or stretching it to 30 years, this simple tool lets you work out your loan payments and weigh up which option fits your budget and long-term goals. By adjusting the term, interest rate, and loan amount, you can quickly calculate your loan amount and repayment schedule, giving you a clear picture of what’s affordable.
At Better Choice, we don’t just provide tools as we back them up with personalised advice and access to a wide range of lenders. That means you can explore different repayment options and choose a structure that works for your lifestyle today and into the future.
Important Information – Please Read
This calculator is a guide only and is designed to give you an estimate of what your repayments might look like. The figures are based on the details you enter and assume a constant interest rate with regular repayments for the entire loan term.
The results are for illustration purposes and may not reflect an actual loan offer. Borrowing costs can vary depending on the lender, the type of loan, and any future changes to interest rates.
We recommend speaking with one of our experienced mortgage advisers before deciding on a loan term. All lending is subject to approval, along with the relevant terms, conditions, and lending criteria