Find out how much time and interest an extra amount each month could save.
Illustrative rate, not a lender offer
Many fixed-rate asset loans do not reward early payouts. Ask us which lenders allow extra repayments without a break fee.
Interest you could save
$1,444
- Scheduled monthly
- $828
- With your extra
- $938
- Interest, standard
- $9,704
- Interest, with extra
- $8,259
Yr 5
Standard$0
With extra$0
Calculator results are indicative estimates only and do not constitute a finance quote, offer, approval or financial advice. Actual repayments, rates, fees and loan terms depend on the lender, product and individual circumstances.
How the extra repayments figures are worked out
- 01
Any amount above the scheduled repayment comes straight off the balance owing.
- 02
A lower balance means less interest each month, so the loan clears sooner.
- 03
Many fixed-rate asset loans charge for early payout, so check the contract before planning around it.
Calculator results are indicative estimates only and do not constitute a finance quote, offer, approval or financial advice. Actual repayments, rates, fees and loan terms depend on the lender, product and individual circumstances.
- Asset finance repaymentsRepayments on a vehicle, truck, machine or equipment, with deposit, trade-in, fees and balloon.
- Balloon paymentCompare no balloon with a smaller and larger one, and see the repayment and total cost of each.
- Fortnightly repaymentsSee how paying half the monthly repayment every fortnight clears a loan years sooner.
Want the real rate, not an estimate?
Ten minutes with a specialist turns these figures into actual lender options. No obligation.