Borrow amount
$20k
Advertised Rate

6.44

% p.a

Variable

Loan term

1 year to 7 years

First Option Bank Ltd
Repayment frequency
Monthly
Monthly repayment

$612

36 months

Number of repayments
36
Total interest paid
$2k
Total repayments

Monthly Repayment Schedule

Results are estimates only. Please allow for slight rounding differences.

DatePrincipalInterestPaymentBalance
1May 2021$505.10$107.33$612.43$19,494.90
2Jun 2021$507.81$104.62$612.43$18,987.09
3Jul 2021$510.53$101.90$612.43$18,476.56
4Aug 2021$513.27$99.16$612.43$17,963.29
5Sep 2021$516.03$96.40$612.43$17,447.26
6Oct 2021$518.80$93.63$612.43$16,928.46
7Nov 2021$521.58$90.85$612.43$16,406.88
8Dec 2021$524.38$88.05$612.43$15,882.50
2021 Total$4,117.5$781.94$4,899.44
9Jan 2022$527.19$85.24$612.43$15,355.31
10Feb 2022$530.02$82.41$612.43$14,825.29
11Mar 2022$532.87$79.56$612.43$14,292.42
12Apr 2022$535.73$76.70$612.43$13,756.69
13May 2022$538.60$73.83$612.43$13,218.09
14Jun 2022$541.49$70.94$612.43$12,676.60
15Jul 2022$544.40$68.03$612.43$12,132.20
16Aug 2022$547.32$65.11$612.43$11,584.88
17Sep 2022$550.26$62.17$612.43$11,034.62
18Oct 2022$553.21$59.22$612.43$10,481.41
19Nov 2022$556.18$56.25$612.43$9,925.23
20Dec 2022$559.16$53.27$612.43$9,366.07
2022 Total$6,516.43$832.73$7,349.16
21Jan 2023$562.17$50.26$612.43$8,803.90
22Feb 2023$565.18$47.25$612.43$8,238.72
23Mar 2023$568.22$44.21$612.43$7,670.50
24Apr 2023$571.26$41.17$612.43$7,099.24
25May 2023$574.33$38.10$612.43$6,524.91
26Jun 2023$577.41$35.02$612.43$5,947.50
27Jul 2023$580.51$31.92$612.43$5,366.99
28Aug 2023$583.63$28.80$612.43$4,783.36
29Sep 2023$586.76$25.67$612.43$4,196.60
30Oct 2023$589.91$22.52$612.43$3,606.69
31Nov 2023$593.07$19.36$612.43$3,013.62
32Dec 2023$596.26$16.17$612.43$2,417.36
2023 Total$6,948.71$400.45$7,349.16
33Jan 2024$599.46$12.97$612.43$1,817.90
34Feb 2024$602.67$9.76$612.43$1,215.23
35Mar 2024$605.91$6.52$612.43$609.32
36Apr 2024$609.16$3.27$612.43$0.16
2024 Total$2,417.2$32.52$2,449.72