How long will it take to pay off your loan?

This calculator can help you work it out. You can experiment with different repayments and frequencies to see how this affects the length of your loan and how much interest you’ll pay. You can then compare your calculations to the original result.

Try making fortnightly payments instead of monthly, or perhaps paying a few extra dollars to see the effect on your loan. You may be able to pay everything off faster than you think.


This tool calculates interest in the same periods as you’ve chosen to make repayments, and repayments are assumed to be unchanged over the period of the loan (i.e. they haven’t been increased for inflation). For these reasons, it provides an estimate of how long it will take to pay out your loans rather than an exact result. You may wish to check with your lender in regard to actual interest calculations and payout times.

The calculator doesn’t replace personal financial advice and you should seek specific professional advice prior to acting on any information. We also recommend you read our disclaimer.