Small amounts help
Even a small extra payment each month can take years off your loan.
Overpayments calculator
See what paying extra can save
An overpayment is money you pay on top of your normal repayment. The extra money goes straight to your loan balance. This lowers your interest and helps you pay off your loan sooner.
Interest saved
$212,713
Time saved
7 years, 11 months
Estimates only. Results are general information, not an offer or approval, and do not include fees, rate changes or tax.
This estimate uses monthly principal and interest repayments at a fixed rate. It does not include fees, rate changes or tax. Results are general information only.
Things to know
Fixed rate loans
Many fixed rate loans limit how much extra you can pay. Check your loan rules first.
Redraw
Some loans let you take out the extra money later if you need it. This is called redraw.