Loan Repayments Calculator

Frequently Asked Questions

When calculating my loan repayments, should I use a fixed rate, variable rate, or split rate?

Each lender determines their own interest rate, which is constantly changing. These rates are often aligned with the Reserve Bank of Australia (RBA). When calculating your loan repayments, our home loan repayment calculator is there to use as a guide – your actually loan repayments might change based on which loan you secure. As such, we reccomend using a 3.80% interest rate as a starting point when doing your calculations. If you know you can service these repayments on this interest rate, you know you’ll be able to service them for lesser interest rates too.

Can I make additional repayments on my loan?

Depending on what type of loan you have, you may be eligible to make additional repayments to your loan. Variable home loans often give homeowners the opportunity to make extra loan repayments, as well as access to an offset account and redraw facility, which borrowers can access at a later stage. Variable home loans can give borrowers more flexibility around their home loans, but some of these features may be at an additional cost.

For more information, read our blog on different types of home loans

What type of home loan is best for me?

This is a great question and one that your Inovayt broker can help you answer. The type of loan that works best for you will vary depending on your financial situation and how you envision paying off your loan. The three most common types of home loans are fixed rate loans, variable rate loans and split rate loans. With pros and cons to each, it’s important you get as much information as possible from an expert before deciding.

For more information, read our blog on fixed, variable and split rate loans.

Work with an Inovayt broker

Our team of expert brokers are with you through every step of the way on your home buying journey. Not only do we help you find the right loan, we also stay with you right up until after settlement, helping you navigate stamp duty and other home buying fees.

At Inovayt, our mission is to provide lifetime financial solutions by thoroughly understanding your individual needs and goals. As such, we believe every client deserves our award-winning customer service. Our friendly team prioritises client satisfaction above all else, going above and beyond to help you achieve your financial goals. Regardless of what stage of the finance journey you’re on, our team provide quality advice to help you make informed and empowered financial decisions.

Our customer service extends far beyond your initial meeting, as we believe in nurturing you beyond the first transaction. Our brokers work hand in hand with you to ensure you receive the best possible outcome and are available to chat face to face, online, or via the phone at a time that suits you.

Our focus is always on achieving the best possible outcomes for our clients. Finding the right finance to match your goals and objectives is no easy task, so our friendly team work tirelessly to tailor a solution for you. We are solutions-driven, so we work hard to tackle any hurdles that may arise to ensure client satisfaction.

Why Choose Inovayt

Finding the right financing to match your needs and goals is never an easy task. Our team prides themselves on finding the right solution for each client, regardless of their personal situation.

Our brokers work hand in hand with our clients, to ensure they receive the best possible outcome. We are available to chat face to face, online, or via phone, at a time that suits you.

Our focus is always about achieve the best possible outcomes for our clients. We will tackle any hurdles that may come up, to ensure that you are satisfied and have achieved your desired outcome.

Simple

Finding the right financing to match your needs and goals is never an easy task. Our team prides themselves on finding the right solution for each client, regardless of their personal situation.

Flexible

Our brokers work hand in hand with our clients, to ensure they receive the best possible outcome. We are available to chat face to face, online, or via phone, at a time that suits you.

Solutions-driven

Our focus is always about achieve the best possible outcomes for our clients. We will tackle any hurdles that may come up, to ensure that you are satisfied and have achieved your desired outcome.

Our experienced and friendly team can provide you with lifetime financial solutions by understanding your individual needs and goals.

Get in touch
1300 354 355

Send us an email info@inovayt.com.au

Start your journey, contact Inovayt today

Get in touch
1300 354 355

Send us an email
info@inovayt.com.au

Our home loan repayments calculator gives you an estimate of what your potential repayments may look like for your dream home.

Our home loan repayments calculator gives you an estimate of what your potential repayments may look like for your dream home.

Frequently Asked Questions

Work with an Inovayt broker