Skip to main content

Lump Sum Repayment Calculator

Discover the power of lump sum payments with our Lump Sum Repayment Calculator – a dynamic tool that shows you how a one-time extra payment could significantly reduce your loan term and save you money on interest.

Whether you’ve received a windfall, a bonus, or simply saved up some extra cash, making a lump sum payment on your loan can have a substantial impact on your financial future.

Our user-friendly calculator allows you to input your current loan details, including the outstanding balance, interest rate, and remaining term, along with the amount of the lump sum payment you’re considering. It then instantly calculates how this extra payment could affect your loan, showing you the potential reduction in your loan term and the amount you could save in interest over the life of the loan.

This valuable insight can help you make informed decisions about how to best use your extra funds, potentially accelerating your journey to becoming debt-free.

While the calculator provides a clear picture of the benefits of lump sum payments, it’s important to consider your overall financial situation, including other debts, savings goals, and any penalties for early repayment on your loan.

For personalised advice on how to optimise your loan repayments and make the most of your financial resources, we encourage you to reach out to our expert team at Unlocked Finance.

Book a Free Consultation

Get to Yes Quicker with Unlocked Finance

You probably know through experience that dealing with banks can be time-consuming. The constant back and forward slows things up. Not at Unlocked Finance, we get the results that you want faster.

Book a Free Consultation

Latest News on Loans

At Unlocked Finance, we’re big believers in empowering you with great information. Use our calculators, download our free guides etc.

Filter

Broker Boom: How 7 in 10 Aussie Homebuyers Are Navigating the Property Market
Mortgage Broker

Broker Boom: How 7 in 10 Aussie Homebuyers Are Navigating the Property Market

In an era of economic uncertainty and fluctuating interest rates, Australian property seekers are increasingly…
October 15, 2024 Read More
Toowoomba Mortgage Brokers

Why use a Home Loan Broker

Purchasing a home is one of the most significant financial decisions most people will make…
March 28, 2023 Read More
What is this thing called HEM
Toowoomba Mortgage Brokers

What is this thing called HEM

Understanding the Household Expenditure Measure (HEM) in Australian Home Loans The Household Expenditure Measure (HEM)…
March 28, 2023 Read More