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The Loan Repayment Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for standard variable products or the default interest rate and fixed period for fixed rate loans. In both scenarios, the customer can manually amend this interest rate. In the case of the fixed rate loans, the default standard variable interest rate will be used once the fixed period has completed. The Loan Repayment Calculator also calculates the time saved to pay off the loan and the amount of interest saved based on a number of additional inputs from the customer. Included are, if repayments are increased by the entered amount of extra contribution per repayment period, if a single additional lump sum repayment is made, equal to the entered amount of additional lump sum repayment after the loan has been in force for the entered number of years, in addition to continuing the regular repayment and/or 100% of the offset account balance entered is used to reduce the outstanding loan balance per period when calculating interest.

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The Buying and Selling Costs calculator estimates eligibility for government grants and concessions based on the your status as a first home buyer and the type of property you are purchasing. It is assumed that all the eligibility requirements are satisfied in order to receive the grant or concession.

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The Borrowing Power Calculator calculates a maximum potential loan amount available based on the income and expenses entered. The amount calculated is only an estimate of the amount to be borrowed and does not take into account specific factors used by individual lenders in determining their own criteria. The calculator also displays the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for standard variable products or the default interest rate and fixed period for fixed rate loans. In both scenarios, the customer can manually amend this interest rate. In the case of the fixed rate loans, the default standard variable interest rate will be used once the fixed period has completed.

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