This calculator will help you decide which rural loan best suits your needs.
- Ensure you press the calculate button, once you’ve completed all the fields.
- It may take some time for the calculator to load, please be patient.
Using the calculator
- Enter the amount you wish to borrow into the loan amount field.
- Select the type of loan you require; table or interest only.
- Select your interest rate from the list, or enter any rate by selecting ‘Other’.
- Enter the term of the loan you require, in years.
- Press the calculate button after you’ve completed all the fields.
- The calculator will work out the instalments schedule and update the graphs.
- You can move your mouse over the graphs to see how the amounts change over time.
Comparing different loan instalment options
- Once you have calculated your first loan option, the highlighted grey box titled Option ONE summarises the variables you have entered and the maximum instalment.
- To explore another option, simply click on 'Option TWO'. Adjust the loan variables and press calculate. The graph will alter to reflect the new loan option, and again the highlighted grey box will note the variables entered and resultant loan instalment.
- To see the graphs for your first option again just click on ‘Option ONE’.
