Understanding Loan Repayments

What affects repayments?

Loan repayments are generally influenced by the amount borrowed, interest rate, repayment term, repayment frequency, and fees.

Principal and interest

Principal is the amount borrowed. Interest is the cost charged by the lender. Many repayment schedules gradually reduce the principal over time.

Repayment frequency

Monthly, fortnightly, weekly, or other repayment schedules may affect timing and total interest depending on the product terms.

Useful calculators

Loan calculators can help estimate scenarios before discussing product-specific details with a provider.

• Loan calculator
• Mortgage calculator
• Credit card payoff calculator
• Refinance savings calculator

Important caveat

This page is general educational information only. It is not financial, investment, legal, tax, accounting, medical, or regulated advice. Rules, products, fees, taxes, and protections vary by country, provider, and personal circumstances.