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Personal Finance Calculators

Whether you’re planning to buy a home, purchase a car, or take out a personal loan, our suite of loan payment calculators can help you make informed financial decisions. 

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Home Loan Calculators

When buying a new home or refinancing your existing mortgage, a home loan calculator can help work out your budget, borrowing power and the costs of buying and selling property, including stamp duty. 

Use our home loan calculators to: 

  • Calculate your potential home loan repayments

  • Determine how much you can afford to borrow

  • Estimate stamp duty when buying or selling property

  • Compare home loan options

Use our home loan calculators alongside the Home Loan Key Fact Sheet to understand your home loan options.

Budgeting Calculators

Take control of your personal finances with budgeting calculators that enable you to plan for your savings goal, calculate your living expenses, work out income tax and plan your personal budget.

Personal or Car Loan Calculators

Our interactive personal or car loan payment calculators can help you estimate:

  • How much you can borrow for a personal loan or a car loan

  • How much your personal or car loan repayments will be

Make informed personal finance decisions with Broken Hill Bank

By understanding how loan payments are calculated and exploring ways to repay your loan sooner, you can take control of your financial future. Use our calculators to plan your personal budget and expenses and to explore your options. Feel free to contact our team for personalised assistance and advice. Let Broken Hill Bank support you in every step of your financial journey.

Loan payment calculator: FAQs

  • Our loan payment calculators are user-friendly tools that allow you to input various details about your financial situation and loan preferences. By entering information such as:

    • Loan amount

    • Interest rate

    • Loan term

    • Repayment frequency

    You can quickly see estimated monthly payments, total interest paid, and the overall cost of the loan. Loan payment calculators help you understand the impact of different variables on your loan repayments and overall financial planning.

  • Loan payments are calculated using the loan amount (principal), interest rate, and loan term. The formula takes into account the principal amount, the interest accrued over time, and the duration of the loan to determine the regular payment amount.

  • Repaying your loan sooner can save you a significant amount of money in interest payments over the life of the loan. Here are some strategies to consider:

    1. Make Extra repayments: Adding extra payments to your regular monthly repayments can reduce the principal faster, decreasing the interest you pay.

    2. Increase repayment frequency: Switching from monthly to bi-weekly or weekly payments can help reduce the principal quicker, as you'll make more payments throughout the year.

    3. Lump sum payments: Whenever possible, make lump sum payments, such as tax refunds or bonuses, directly towards your loan principal.

    4. Review your loan regularly: Regularly reviewing and potentially refinancing your loan to a lower interest rate can save you money and help you pay off your loan sooner.