The bond repayment calculator allows you to compare different scenarios for home loan repayments. It helps you assess the impact of various factors, such as different interest rates, loan terms or repayment frequencies, on their monthly bond repayments and overall loan costs. It also allows you to make an informed decision and choose the most suitable option based on your financial goals and circumstances.
While bond repayment calculators provide valuable insights and estimates, it’s important to view them as a guide rather than definitive figures. For accurate and personalized advice, speak to one of our home loans specialists.
It is generally beneficial to have a deposit, but it may not always be required. All the major banks now offer 100% loans, approving the full value of a property without requiring a large deposit. That said, a deposit will lower your interest rate and reduce your monthly instalment.