Interest is often calculated daily based on how much is owed on the principal (the amount you borrowed). Making extra repayments on your loan can save you money by reducing the amount of interest charged, and it can reduce the time it takes to pay a loan off. The extra repayments calculator will help you determine the amount of money you will save by making extra repayments and the amount of time you can save in paying it back more frequently (for example, weekly instead of monthly).

Loan Repayment Calculator

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