Why does repayment frequency matter?
Different frequencies can change cash-flow rhythm and sometimes reduce interest over time when repayments are applied earlier and consistently.
Quick answer
Use this tool to model repayments by rate, term, and frequency, including the impact of extra repayments on total interest and loan duration.
Different frequencies can change cash-flow rhythm and sometimes reduce interest over time when repayments are applied earlier and consistently.
In most scenarios, extra repayments reduce principal faster and lower total interest. Confirm your product terms to avoid limits or extra charges.
Balance affordability against total interest. Shorter terms usually reduce interest but increase repayments, so model scenarios against your budget.
Yes for indicative planning. For fixed structures, include break-cost and feature constraints in your final decision process with your lender.