How much will I save with extra repayments?

Extra repayments on your loan may significantly reduce the amount of interest you pay over the life of the loan, and how long it takes to repay it. It’s worthwhile researching the potential impact of making regular additional contributions – just $20 dollars extra per week can save you significantly in interest in the long term, and reduce the time it takes to repay your loan.

Try entering different options in the calculator below to see how soon you could repay your loan, with less interest.


The results shown are for illustrative purposes only; are not guaranteed by Hiver Bank in any way and are not an application for credit by you or an offer of credit by Teachers Mutual Bank Limited ABN 30 087 650 459 AFSL/Australian Credit Licence 238981.

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