Lump sum repayment
Additional lump sum repayments can significantly reduce the amount of interest you pay on your home loan and the term of your loan.
Not all home loans are equal - some will allow you to make lump sum repayments and others may not. And to make things more confusing many mortgages accrue interest on a daily basis making lump sum repayments on your home loan a good way of saving money.
This home loan repayment calculator lets you calculate the savings benefits of additional lump sum repayments on your home loan.