Borrow amount
$20k
Advertised Rate

9.34%

Variable

Loan term

1 year to 7 years

RACQ Bank
Repayment frequency
Monthly
Monthly repayment

$639

36 months

Number of repayments
36
Total interest paid
$3k
Total repayments

Monthly Repayment Schedule

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

DatePrincipalInterestPaymentBalance
1Nov 2020$483.49$155.67$639.16$19,516.51
2Dec 2020$487.26$151.90$639.16$19,029.25
2020 Total$970.75$307.57$1,278.32
3Jan 2021$491.05$148.11$639.16$18,538.20
4Feb 2021$494.87$144.29$639.16$18,043.33
5Mar 2021$498.72$140.44$639.16$17,544.61
6Apr 2021$502.60$136.56$639.16$17,042.01
7May 2021$506.52$132.64$639.16$16,535.49
8Jun 2021$510.46$128.70$639.16$16,025.03
9Jul 2021$514.43$124.73$639.16$15,510.60
10Aug 2021$518.44$120.72$639.16$14,992.16
11Sep 2021$522.47$116.69$639.16$14,469.69
12Oct 2021$526.54$112.62$639.16$13,943.15
13Nov 2021$530.64$108.52$639.16$13,412.51
14Dec 2021$534.77$104.39$639.16$12,877.74
2021 Total$6,151.51$1,518.41$7,669.92
15Jan 2022$538.93$100.23$639.16$12,338.81
16Feb 2022$543.12$96.04$639.16$11,795.69
17Mar 2022$547.35$91.81$639.16$11,248.34
18Apr 2022$551.61$87.55$639.16$10,696.73
19May 2022$555.90$83.26$639.16$10,140.83
20Jun 2022$560.23$78.93$639.16$9,580.60
21Jul 2022$564.59$74.57$639.16$9,016.01
22Aug 2022$568.99$70.17$639.16$8,447.02
23Sep 2022$573.41$65.75$639.16$7,873.61
24Oct 2022$577.88$61.28$639.16$7,295.73
25Nov 2022$582.37$56.79$639.16$6,713.36
26Dec 2022$586.91$52.25$639.16$6,126.45
2022 Total$6,751.29$918.63$7,669.92
27Jan 2023$591.48$47.68$639.16$5,534.97
28Feb 2023$596.08$43.08$639.16$4,938.89
29Mar 2023$600.72$38.44$639.16$4,338.17
30Apr 2023$605.39$33.77$639.16$3,732.78
31May 2023$610.11$29.05$639.16$3,122.67
32Jun 2023$614.86$24.30$639.16$2,507.81
33Jul 2023$619.64$19.52$639.16$1,888.17
34Aug 2023$624.46$14.70$639.16$1,263.71
35Sep 2023$629.32$9.84$639.16$634.39
36Oct 2023$634.22$4.94$639.16$0.17
2023 Total$6,126.28$265.32$6,391.6