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Many lenders offer an introductory interest rate at the start of a loan to attract borrowers. While these lower rates can reduce your repayments early on, they usually revert to a higher standard variable rate after a set period.
Our introductory rate loan calculator helps you understand the true cost of your loan over time, enabling you to make a more informed decision, one that considers not just the initial savings but the full loan picture.
An introductory rate can make a loan seem more affordable in the short term. However, once the promotional period ends, your repayments may increase, sometimes significantly.
Please note that some lenders don’t offer ongoing discounts after the introductory period ends. The long-term cost could run higher than you expected, and the initial savings may not always outweigh the later increase in interest. Therefore, it’s essential to look beyond the headline rate and evaluate the entire loan structure.
Our introductory rate calculator allows you to compare your repayments during the introductory period, the variable term repayment after you switch, with the total interest payable, and the total interest payable if the loan were only at a variable rate.
Once completed, the calculator will give you a clear breakdown of your repayments and total loan cost.
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The results provided by these calculators are estimates only and are based on the information you enter. They do not constitute financial advice, credit assistance, or a loan offer. Actual loan repayments, borrowing capacity, interest rates, fees, and eligibility may vary depending on your personal circumstances and the lender’s assessment.
Before making any financial decisions, you should seek independent financial advice or speak with a licensed mortgage broker.
