The Split Loan Calculator calculates the total interest amount under a variable interest rate for the full loan term compared the same loan having a fixed rate proportion (entered by user) at the start, with the fixed rate and term entered by the user. The calculation is done at the repayment frequency entered (monthly, fortnightly or weekly), in respect of the original loan parameters entered, namely amount, annual variable rate and total term in years.
Note: The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas.Calculator © InfoChoice 2010