The figures provided should be used as an estimate only, should not be relied on as true indication of your home loan repayments, or a quote or indication of pre-qualification for any home loan product. The figures are based upon the information you put into the calculator. We have made a number of assumptions when producing the calculations including:

• Loan term and loan amount: We assume the loan term and loan amount are what you enter into the calculator.

• Interest rates: We assume that the rate you enter, is the rate that will apply to your loan for the full loan term – even if you choose:
  • a variable rate; or
  • o an interest only rate which, in practice, will only apply for a limited period after which a different rate will apply.

• Interest and repayments: The displayed total interest payable is the interest for the loan term, calculated on the entered interest rate. We make the following assumptions about repayments:
  • repayments are made monthly.
  • your annual interest charge is divided equally over 12 monthly payments (in practice, interest is calculated daily and charged monthly which can lead to your interest charge varying between months).
  • interest is charged to the loan account at the same frequency and on the same day as the repayments are made (this may not be the case in practice).
  • only your initial repayment amount is calculated. We assume that this repayment amount is payable for the loan term. In practice, repayment amounts can change for a variety of reasons.
  • weekly and fortnightly loan repayment amounts are assumed to be a quarter and a half of the monthly repayment amount respectively.

if added, your extra repayment is taken to be made at the same time as your monthly repayment.