Step 1 -enter a $ value in the loan box
Step 2 -enter an interest rate in the rate box, (rates can be obtained from the latest rates page)
Step 3 -enter a loan term in the term box, remembering 30 years is the maximum most lenders will allow
Step 4 -click on compute

The answer shows a monthly payment figure on a Principle and Interest basis. To check affordability, add any existing loan payments such as car leases, personal loans etc. to the loan repayment amount, subtract this total from your net monthly income, the result is what you have to live on. This living money has to cover all other expenses including car rego, school fees, entertainment, insurance etc. if you have a surplus contact Peter as you may qualify for a loan.

This calculator should be used as a guide only as other criteria are taken into account when lenders assess an applicant's ability to repay a loan.
Net monthly income is after tax, superannuation and any other regular deductions likely to continue.