With our extra repayment calculator, find out how much time and interest you could save by paying more than your minimum home loan repayments. Simply enter your loan details to see how even small added contributions can make a big difference over the life of your mortgage.

What are extra repayments?

Extra repayments are the extra additions to mortgage repayments that help reduce the length of your loan term and the amount of interest you can save over the life of the mortgage. By contributing extra money, whether regularly or occasionally, you can reduce the total interest you pay over the life of your loan, enjoy a shorter loan term and build a buffer for future financial flexibility.

How does the extra repayment calculator work?

The extra repayment calculator helps estimate how much you can save in interest and time by making extra repayments. The extra repayment calculator has you enter basic loan details, from the loan amount and interest rate to the loan term and repayment frequency. Then, in the extra contribution section, you enter the extra repayment amount you plan to make each period and the time from which you’ll start making those repayments.

Once you’ve added these details, the calculator will show your revised loan term, total interest saved and a comparison between your current and adjusted loan schedules. Try using our budget planner to get a better idea of your finances and get a clearer picture of the contributions you can make.

What will my home loan repayments be?

Our extra repayment calculator helps work out how repayment frequencies affect your home loan. Your repayment amount depends on the loan size, interest rate, loan term, and payment frequency. Using the calculator helps you see how small, consistent contributions can lead to big, long-term savings.

Generally, more frequent repayments reduce the total interest paid and making extra repayments accelerates your loan payoff. It’s good to plan your repayments in line with your income frame, so if you get paid monthly, it could be easier to make your home loan repayments monthly.

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      Trustindex verifies that the original source of the review is Google. Nice Loans made both our refinance and new investment home loan simple and stress-free. Both Saru and Suman worked seamlessly as a team—professional, approachable, and always clear in their communication. They guided us with care, answered every question, and handled the process efficiently. We felt confident throughout and would gladly recommend Nice Loans to family and friends.
  
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     Trustindex verifies that the original source of the review is Google. Big thanks to Suman and Saru for helping us with our home loan. They’ve been easy to deal with, responsive and always happy to answer our questions. Thank you! Really appreciate the ongoing support.
  
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     Trustindex verifies that the original source of the review is Google. We had a great experience with Suman while sorting out our home and land package. He was professional, helpful, and guided us clearly through every step of the process. His knowledge, quick communication, and genuine support made everything smooth and stress-free. We highly recommend Suman to anyone looking for help with a home and land package.
  
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     Trustindex verifies that the original source of the review is Google. We are extremely happy with the team at Nice Loan for helping us with our SMSF loan, especially Aakriti. She was very polite, professional, and always reachable whenever we needed assistance. Thank you so much for all your help and support throughout the process.
  
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   R Gupta 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. I had a smooth and great experience with Nice Loans while completing both a refinance and a new loan. Saru and Suman were professional, supportive, and knowledgeable throughout the entire process. Their communication was clear, timely, and transparent, which made everything easy to understand. They guided us through each step, answered all our questions, and ensured we felt confident in our decisions. The process was handled efficiently with great attention to detail. Overall, it was a stress-free experience. I would highly recommend Nice Loans to family and friends.
  
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Had an amazing experience with Nice Loans. Big thanks to Suman Nepal and Akriti Maharjan for making my loan process smooth and stress-free. They were professional, supportive, and always clear with communication. Highly recommend their service!
  
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     Trustindex verifies that the original source of the review is Google. Thank you nice teams especially suman dai and aakriti ji for assisting from the start till the end and guiding throughout the whole process. Highly appreciated and recommends to others. Thank you again.
  
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   L lance 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. The service provided by the Nice Loans team, especially Suman and Akriti, was exceptional. They were consistently available, highly professional, and patient in guiding me through my application. Despite last-minute challenges from the bank, they secured all approvals on time for the settlement of my first home in Australia. I highly recommend this customer-focused team for any home loan needs. Thank you, Suman and Akriti, for your outstanding support.
  
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     Trustindex verifies that the original source of the review is Google. It was an excellent professional service received from Nice Loans team- Suman was great in securing my home loan, refinancing and dealing with banks making the whole process so smooth and informed. Akriti kept communicating informations timely and providing quick replies to my loan/banking
enquiries. In the past I had my house rented through Nice team and that went very well (thanks to Milan and Suman) that is why I am again with them for new home loan and refinancing. I would recommend Nice Loans for anyone reading this review.
  
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   A Koirala 
 
 
 
 
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We had an excellent experience with Suman Dai and Akriti from Nice Loans. From the very beginning, they made the entire process smooth, simple, and completely stress-free. They were professional, approachable, and always ready to answer any questions, which made everything much easier and less overwhelming. I truly appreciated their guidance and support throughout the process. If you’re looking for a team that is reliable, efficient, and genuinely cares about their clients, I highly recommend Suman Dai and Akriti at Nice Loans.
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Disclaimer: Results are estimates only based on the information you enter. They do not constitute financial advice, credit assistance, or a loan offer. Actual fees and eligibility may vary depending on your circumstances and lender assessment. Seek independent advice from a licensed mortgage broker before making financial decisions.

Extra Repayment Calculator

What are extra repayments?

How does the extra repayment calculator work?

What will my home loan repayments be?

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What are extra repayments?

How does the extra repayment calculator work?

What will my home loan repayments be?

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