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Latest Credit Card Offer

ANZ Balance Visa

Be rewarded for reducing your balance. Get the new ANZ Balance Visa and earn Reward Points every time you make a repayment.

Earn 1 Reward Point for every $1 you repay to your balance.^ Choose how you would like to be rewarded – Cashback, Shopping Vouchers or Gift Cards. Choose how often you would like to be rewarded - every 3, 6 or 12 months. Plus get 0% p.a. on balance transfers for the first 6 months.^ 13.99% p.a. interest rate on purchases. Apply online
0% p.a. on balance transfers for 6 months
Up to 55 days interest free on purchases
^Terms and conditions available on application. Fees and charges apply

Loan Calculator

Use this calculator to quickly see your repayment and how much interest you will pay. You can even determine the impact of any extra repayments.

This Financial Calculator requires a Browser with Java(TM) applet Support. If you are seeing this message you will need to download SUN's Java(TM) Plug-in. This can be done simply, and automatically, by clicking the link below:

Get the Java(TM) Plug-in!

Definitions

Loan amount

Original or expected balance for your loan.

Interest rate

Annual interest rate for this loan.

Term

The number of years over which you will repay this loan.

Loan repayment

Your principal and interest payment (PI) per period.

Fortnightly and Weekly repayments

Fortnightly payments are a bi-weekly payment option where repayments are calculated by taking your normal monthly repayment and dividing it by two. Since you pay 26 fortnightly payments, by the end of each year you have paid the equivalent of one extra monthly repayment. This additional amount accelerates your loan payoff by going directly against your loan's principal. The effect can save you thousands in interest and take years off of your loan.

Weekly repayments work like fortnightly repayments, except you have 52 weekly payments per year, each of which is 1/4 of a normal monthly repayment for your selected term.

Total payments

Total of all monthly payments over the full term of the loan. This total repayment amount assumes that there are no extra repayments of principal.

Total interest

Total of all interest paid over the full term of the loan. This total interest amount assumes that there are no extra repayments of principal.

Extra repayment type

The frequency of prepayment. The options are none, weekly, fortnightly, monthly, yearly and a one time payment.

Extra repayment amount

Amount that will be prepaid on your loan. This amount will be applied to the loan principal balance, based on the prepayment type.

Start with payment

This is the repayment number that your extra repayments will begin with. For a one time payment, this is the payment number that the single extra repayment will be included in. All extra repayments are assumed to be received by your lender in time to be included in the following month's interest calculation.

Savings

Total amount of interest you will save with extra repayments.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.



	Please note: Ausco Trading Pty Ltd takes no responsibility for the accuracy of this information. CreditCardsAustralia.com.au makes all reasonable efforts to maintain accurate information. However all credit information should be used as a guide only. We urge users to check the terms and conditions on the specific credit applications when applying. You should check all costs related to any credit application with your financial adviser before making purchase decisions.