A tax return. A bonus. The grandparents being generous. Drop it on the loan and watch the interest savings stack up — especially when you do it early.
Your loan
Standard principal & interest setup.
$
% p.a.
years
$
years in
Sooner is better — interest is heaviest in the early years.
Heads up. If your loan is fully or partly fixed, lump-sum repayments can attract break costs. Check your contract or ask us — we'll help you weigh it up.