Low Doc Loan Repayments Calculator

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Low Doc Loan Repayments Calculator Principle and Interest

This low doc calculator helps you work out what your regular Principle and Interest (P&I) repayments will be based on your loan amount. Repayments frequency can be changed to monthly, fortnightly or weekly. Calculate Principal and Interest repayments for a loan term. You can also see how the loan will diminish over time on the amortisation table.

Assumption:

  • It does not take into account any possible fees i.e. up-front fees or ongoing fees.
  • Interest rate does not change over the loan term.
  • Interest is calculated by compounding on the same repayment frequency selected, i.e. weekly, fortnightly, monthly. In practice, interest compounding frequency may not be the same as repayment frequency.
  • It is assumed that a year consists 26 fortnights or 52 weeks which is counted as 364 days rather than 365 or 366 days.
  • No rounding is done throughout calculation whereas repayments are rounded to at least the nearer cent in practice.

The calculator has been provided in good faith as a guidance tool only. Results are not financial advice, are a guide only, and are not a guaranteed outcome or quote. Borrowers should always discuss their individual situation directly with us.

Need help understanding your loan options?Please call us on 1300 736 976 or send an enquiry now.