Split Loan Calculator

Calculate the total costs of having a split loan with a fixed and variable portion with our handy calculator.

Why would you get a split loan?

Split loans can be used for a variety of reasons, but the most popular is to have a mix of debt which is on a fixed rate and some on a variable interest rate. This allows the borrower to get the best of both loan types – with a portion protected against interest rate rises, whilst a variable portion is there in case of interest rate decreases. Likewise with the variable portion it can allow the borrower to have access to an offset account which with most lenders cannot be attached to a fixed loan. When calculating the total cost of a split loan you need to factor in whether there are separate account keeping fees for multiple loan accounts and whether the reverting variable rate after the fixed loan expires will be cost competitive.

Do you need assistance with finding out whether a split loan is right for you? Speak with a broker today.

Disclaimer:  The calculations do not take into account all fees and charges. The results provided by this calculator are an estimate only, and should not be relied on for the purpose of making a decision in relation to a loan. Interest rates and other costs can change over time, affecting the total cost of the loan. Borrowers should consider discussing their individual situation with a qualified Australian Credit Licensee or authorised Credit Representative.