FAQs / Saving for a home loan

How do you calculate home loan repayments?

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To calculate loan repayments, at a very basic level, we take your loan amount, add the total amount of interest we’ll charge over the life of the loan, and then divide that total up evenly into a weekly, fortnightly, or monthly amount (whichever suits you best) based on the length of your loan term.

If you’re taking out a fixed or interest-only loan — or a fixed interest-only loan — we’ll also take that into account, as your repayments will change when the fixed and/or interest-only period ends.