Calculations are estimates provided as a guide only. They assume interest rates don’t change over the life of the loan and are calculated on the rate that applies for the initial period of the loan e.g. for fixed rate options, the repayments are for the initial fixed rate period only.

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We have different rates that apply, depending on whether you are making interest only payments or principal and interest repayments.  During an interest only period, your interest only payments won't reduce your loan balance. At the end of an interest only period, your repayments will increase to cover principal and interest components.

Interest rates referenced are current rates and may change at any time.