NZ Interest Only Loan Calculator

Use this calculator to generate an amortization schedule for an interest only loan. Quickly see your repayment and how much interest you will pay. Press the report button for a full amortization schedule, either by year or by repayment.

Definitions

Loan amount
Original or expected balance for your loan.

Interest rate
Annual interest rate for this loan.

Term
The number of years over which you will repay this loan.

Loan repayment
Your principal and interest payment (PI) per period. Payments are based on 100% of outstanding interest owed.

Total repayments
Total of all monthly payments over the full term of the loan. This total repayment amount assumes that there are no extra repayments of principal.

Total interest
Total of all interest paid over the full term of the loan. This total interest amount assumes that there are no extra repayments of principal.

Ending balance
Final ending balance at the end of the term.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. Costs such as redraw fees, early repayment fees and other costs and charges which may be applicable are not included in the calculations but may influence the cost of the loan. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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