Extra Repayments Calculator

See how much interest and time a little extra each month takes off your loan.

Your details

Loan balance

Interest rate

Remaining loan term

yrs

Extra repayment per month

Loan balance, with and without the extra

Standard repaymentsWith $200 extra

Interest you would save

$107,939

Time cut off your loan4 yrs 3 mths
New payoff time25.8 years
New monthly repayment$3,532.97
Total interest under the new plan$541,931

Money paid into an offset account gives you the same interest saving but keeps the cash available if you need it.

Build a plan to clear your loan sooner

This calculator gives a general estimate only. It is not personal financial, credit or tax advice and does not take your objectives or circumstances into account.

What this calculator assumes

The extra amount is paid every month from today until the loan is repaid, on top of the normal repayment.
Interest rate stays the same for the whole remaining term and is charged monthly.
Assumes a variable loan that permits unlimited extra repayments — fixed rate loans usually cap them and may charge a break cost.
No redraw of the extra repayments is assumed.
Rates and thresholds current as at July 2026.

This calculator provides a general estimate only. It is not personal financial, credit or taxation advice and does not take your objectives, financial situation or needs into account. Counting Beans A.F. provides financial advice under AFSL 491754 (D&M Financial Services Pty Ltd) and credit assistance under Credit Representative number 528884. Please read our Financial Services Guide and Credit Guide, and speak with us before acting on any result.

Extra Repayments Calculator

Your details

What this calculator assumes

Related calculators

Talk to someone