Reducing your debt
Need to get your debt under control?
This calculator shows how long it may take to pay off your existing debts, as well as the interest you'll pay on each loan.
You can experiment by paying off loans with higher interest rates first, paying a few extra dollars on some loans, or any other combination you want to try! Then see what happens to the length of the loans and the interest you'll pay.
Notes:
This tool calculates interest in the same periods as you have chosen to make repayments and repayments are assumed to be unchanged over the period of the loan (i.e. they have not been increased for inflation). It is therefore designed to provide an estimate of how long it will take to pay out your loans rather than provide an exact result. You may wish to check with your lender in regard to actual interest calculations and payout times.
This calculator does not replace personal financial advice and you should seek specific professional advice prior to acting on any information. QSuper also recommends you read our disclaimer.