Calculator
Early Repayment Calculator
When you pay a lump sum you can either cut the payment or shorten the term. Both save money, but not the same amount — see the difference.
Result
Interest saved (shortening the term)—
New payment (keeping the term)—
Interest saved (cutting the payment)—
New term (keeping the payment)—
Fee payable—
Shortening the term almost always saves more interest than cutting the payment, but leaves the monthly cost unchanged.
These figures are indicative and not binding. They are the result of an arithmetic calculation on the values you entered and do not constitute a contractual offer, a credit approval, or any guarantee of the terms shown. They exclude fees, taxes, insurance and other charges, and therefore do not represent an APR (TAEG).
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A calculation is a starting point. To find out what the banks would actually offer you, talk to us.