Loan Calculator

Loan Calculator

We have made it easy to determine the effectiveness of a home loan with the use of our online loan calculator. Use our Loan Calculator to estimate what your monthly repayments may be on a particular loan amount. (The information provided by the calculator is intended to act as a guide only and does not constitute an application, offer or commitment to make a loan on the terms specified.)

Use our Loan Calculator to estimate what your monthly repayments may be on a particular loan amount. (The information provided by the calculator is intended to act as a guide only and does not constitute an application, offer or commitment to make a loan on the terms specified.)

Definitions

Loan Amount:
This is the total amount of the loan.

Interest Rate
Insert the annual interest rate you expect to pay. Go to the Our Loans section for current rates.

Original Loan Term In Year
For this calculator, you have the option of choosing a 10, 15, 20, 25, or 30 year loan.

Monthly Payment
The monthly repayment amount excluding all fees, government charges and insurance.

Revised Loan Term
This tells you how many years it should take you to pay off your loan simply by making the extra payments specified to your account.

Extra Payment Amount
This is the additional monthly repayment amount that you elect to pay to reduce the term of the loan.

Interest Saved
This value is computed as the difference between the amount of interest due if the loan was serviced using the minimum monthly repayment amount and the interest paid on the accelerated payment amount. The calculator assumes all repayments are applied directly to the loan and excludes all fees, government charges, and insurance.

Please read these important terms and conditions

Figures, formula and terms used may change at any time without notice. Loan products and individual circumstances vary greatly and Complete Financial Services cannot predict future events. As a result, certain assumptions have been made and some of the information used has been simplified.

Complete Financial Services encourages you to discuss your particular needs with a Finance Manager to ascertain which product best suits your needs. However, no decision determining your eligibility or qualification for a loan can be made until a completed application and other necessary information have been received and approved by Complete Financial Services.

Complete Financial Services accepts no responsibility for any losses arising from any use of, or reliance upon, any calculations or conclusions reached using the Loan Calculator.