Calculate how a lump sum payment could reduce your home loan repayments and the duration of your loan.
If you've got access to a lump sum payment you might be tempted to splurge on a holiday or new car. But another option is for you to use this as a lump sum payment towards your home loan. If your loan has the flexibility to allow increased regular repayments and lump sum repayments without incurring additional fees or charges, take advantage of it whenever you can.
There are a number of ways you can save on your mortgage repayments, including making extra repayments, using an offset account or making a lump sum payment. Use our calculator to see how you could save.
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