Loan Repayment

Knowledge is power.

You deserve to know how much you can expect your home loan repayments to be – along with the projected interest. When comparing home loan repayments, it’s vital to ensure that you take all of the following into account:

  • Ongoing/Establishment Fees
  • Additional Charges (I.e. LMI or Lender’s Mortgage Insurance)
  • Ongoing Rates versus Honeymoon Rates
  • Features of the loan that allow for additional repayments

Why not use our home loan repayment calculator to make more informed investment decisions? It’s a great way to determine how varying loan repayment frequencies can and will affect your home loan. You’ll be able to see at a glance what your anticipated minimum monthly payments will be, how long you can expect to make repayments for, as well as the interest paid at the end of the day.

The more frequently you make repayments, the less interest you will pay overall. It is important to note that the numbers provided by our calculator rarely match the exact ones provided by your bank or lender.

Remember: They include the fees needed to secure your loan.

Are you ready to work out a great home loan term, payment frequency and repayment type for you? Don’t hesitate to get in touch with a Defence Finance representative to schedule a no-cost consultation at your earliest convenience. Our industry veterans are ready to analyse your unique situation and source an appropriate option for you.