Extra Repayment Calculator

How extra repayments save you money

Extra repayments go straight to your loan principal, which reduces the interest charged from then on. Even a modest regular top-up can take years off a 30-year loan and save a significant amount of interest.

Enter your loan details and try different extra amounts, either as a regular payment or a one-off lump sum. Compare the results to find a level that fits your budget without leaving you short.

Check your loan allows it first. Most variable loans accept extra repayments without penalty, but fixed rate loans often cap them or charge break costs. If you might need the money again later, an offset account or redraw facility can give you the same interest saving with more flexibility. An NLG broker can confirm which option suits your loan.

Results are estimates for general information only. They are not credit advice and do not take into account your objectives, financial situation or needs. Speak with an NLG broker before making a decision.