Lump Sum

If you’re looking for a way to save significant amounts on interest for your home loan or shorten your loan repayment period, then a lump sum payment might be the answer for you.

Additional lump sum repayments are a great way to help you save money and take months or even years off your home loan! Whether you received a solid tax refund, an inheritance or a bonus at work, applying a lump sum payment to your home loan can help to pay off your loan sooner than you thought.

At Complete, we have a range of finance tools to help you understand your loan repayments and find the right home loan for you. With this lump sum repayment calculator, you can find out how much you can save by making a one-off contribution on top of your current repayments. The amortisation schedule that we provide can show you how your total interest expense changes as well. The larger the lump sum and the sooner you apply it, the more interest and time you could save.