RC Lending

Offset & Extra Repayments Calculator

Interest and years saved from an offset balance, ongoing contributions, extra repayments and lump sums.

All calculators

The loan

$
%
yrs

Repayment frequency

Offset & extras

$

Cash held in the offset account from day one.

$

Savings added to the offset each period — stays accessible.

$

Paid straight onto the loan principal.

$

The result

Interest saved

$356,567

Time saved

7y 6m

Scheduled repayment (per month)$4,544.96
Total paid per month$4,744.96
Into the offset per month$500
Interest without offset or extras$886,186
Interest with this strategy$529,618
Loan repaid byJuly 1992
Repaid by without the strategyJan 2000

Loan balance over time

The solid line is the loan with the offset and extras applied; the shaded area is the offset savings still available to the client.

Estimates only. Assumes the interest rate stays unchanged for the life of the loan and that repayments and offset contributions are maintained. Fixed-rate loans may limit extra repayments and offset availability.

These calculators provide indicative estimates only and are intended as discussion tools. Results do not constitute loan approval, credit advice, financial advice, tax advice or legal advice. Actual lending outcomes depend on lender policy, servicing, valuation, product terms and individual circumstances.

Results are estimates only and are based on the information and assumptions entered. Interest rates may change, and fees, charges and individual lender calculations may not be included. These results do not constitute credit, financial, legal or taxation advice. Actual repayments and outcomes may differ.