Principal and Interest Calculator

Your loan repayment is comprised of two portions; the principal (the amount you originally borrowed) and the interest (calculated on the principle you still owe). The interest on your loan is calculated daily, so the more you reduce the principle still owing, the lower your interest charges are and the lower your repayments will be. Use this calculator to determine how much of your repayment goes towards reducing the principle and how much is interest.

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Note: The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. Individual institutions apply different lending criteria and it is advised that you consult your financial adviser before taking out a loan.

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