Australian loan calculators for every borrowing decision
Personalised repayment estimates, stress tests, and borrowing power analysis — in under 60 seconds.
Home Loan Calculators
Repayment calculator, borrowing power, offset savings, refinance breakeven, and LVR & LMI estimation — everything for buying, refinancing, or investing.
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Frequently asked questions
How are loan repayments calculated in Australia?
Most Australian loans use an amortisation formula that splits each repayment into principal and interest portions. The monthly repayment depends on the loan amount, interest rate, and loan term. Early repayments are mostly interest, shifting toward principal over time.
What is the difference between a fixed and variable rate loan?
A fixed rate locks your interest rate for a set period (typically 1-5 years), giving predictable repayments. A variable rate moves with the market, meaning repayments can go up or down. Many Australian borrowers split their loan between both to balance certainty and flexibility.
How much can I borrow for a home loan in Australia?
Lenders typically allow borrowing up to 6-8 times your gross annual income, but the actual amount depends on your expenses, existing debts, deposit size, and the lender's serviceability buffer (currently 3% above the loan rate). Use a borrowing power calculator to get a personalised estimate.
Does HECS/HELP debt affect my borrowing power?
Yes. Lenders include your HECS/HELP compulsory repayment as a liability when assessing how much you can borrow. The higher your income, the larger the repayment percentage, which reduces the amount a lender will offer you.
What fees should I watch for when taking out a loan?
Common fees include application or establishment fees, ongoing monthly or annual fees, early exit or break costs (especially on fixed rates), and valuation fees for property loans. Always compare the comparison rate, which bundles most fees into a single percentage for easier comparison.