Model your future, today

Quick and easy

Do you have debts that you need to pay off? Creating a repayment plan is a step in the right direction, but it's important you know how much you can afford to repay and how soon you will have repaid it.

Made for you

The debt calculator allows you to model repaying a debt in a specific timeframe or repaying a set amount.

Smart investment

Starting repayments now could help you be debt free sooner - the longer you take to repay the money, the higher the amount of interest you will need to repay too.

Current and compliant

Even small repayments could make a difference to your future!

I want to know...

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Debt balance
Interest

Please choose your goal to start dealing with debt.

Repayments are not large enough to pay off debt.

Total debt

XX,XXX.XX (XX,XXX.XX / day)

Total interest

XX,XXX.XX

Debt free in

dd/mm/yyyy

Expected payment

XX,XXX.XX
Debt balance
Payments
Interest

Please choose your goal to start dealing with debt.

Repayments are not large enough to pay off debt.

Total debt

XX,XXX.XX (XX,XXX.XX / day)

Total interest

XX,XXX.XX

Debt free in

dd/mm/yyyy

Expected payment

XX,XXX.XX
Year Payments Interest Balance
Repayments are not large enough to pay off debt.

Remember that ongoing debt will likely limit your flexibility to save for your future, and to spend on what truly matters.

Now that you've seen how you could repay your debt, it's time to take action!

Disclaimer & Assumptions

Disclaimer

The results shown by the calculator are for illustrative purposes only and do not guarantee any future outcome. The calculator makes certain assumptions about how interest is calculated and how it is applied to a debt product. Your actual debt repayment may differ from the estimated figures shown. Assumptions include the following:

  • Your first debt payment begins the first day of the next month.
  • Interest is compounded at the same frequency as the repayments. For example, interest is compounded monthly if the debt is repaid on a monthly basis.

For any loan you are considering, you should find out how the interest you will owe is calculated. For example, the more frequently interest is compounded, the higher the annual interest rate, resulting in a higher cost of debt over time.

Any choices you make or data that you enter while using the calculator are erased once you have finished using the calculator. However, you have a responsibility to ensure that you exit the website when you are finished with the calculator, especially if you leave your computer for any length of time.

The calculator should be used in conjunction with other available communications and not as the sole source of information when making decisions about your personal finances.

You may wish to seek independent financial advice before making any personal finance decisions.