Interest Only Loan Calculator
Use our interest-only loan calculator to estimate your weekly, fortnightly or monthly payments based on your loan amount and annual interest rate. The calculator also shows the estimated amount of interest you could pay over one year if the loan balance and interest rate remain unchanged.
During an interest-only period, your payments generally cover the interest charged by the lender but do not reduce the principal—the original amount borrowed. This means the payments may initially be lower than principal and interest repayments, but your loan balance will generally remain unchanged.
When the interest-only period ends, you will usually need to begin repaying both principal and interest. This can result in higher regular repayments because the principal must be repaid over the remaining loan term.
*Important: This calculator provides estimates for general information only. Results are based on the information entered and the assumptions described above. They do not represent a loan offer, quote or financial advice. Actual repayments, interest costs and fees may vary between lenders and loan products. Lending criteria, terms and conditions apply.
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