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Making a lump sum repayment on your loan can in turn, save you thousands of dollars on interest down the track. Our mortgage and loan lump sum repayment calculator is the easiest way to determine exactly how much interest you could save over the years by adding your lump sum to your mortgage.
Simply enter your loan amount and the loan term, as well as the interest rate of your loan and the repayment frequency. Add in the lump sum amount that you wish to add to your loan and when this will start from, and simply see your results below.
The lump sum repayment calculator will show you a monthly repayment, the loan balance after five years and the time and interest saved on your loan from adding this lump sum onto your loan.