Split Loan Calculator
A split loan is loan structure, where part of your loan is fixed and the other part is variable.
Benefits of Split Home Loan:
It is important to have certainty about the interest rate and/or repayment amount for a fixed term making budgeting easier.
It is important to have unlimited extra payments or offset account which reduces total interest paid over the life of the loan and having an interest rate that fluctuates over the term of the loan in line with market interest rate changes.
There is no restriction to the way you prefer to split loan. It can be 50/50, 60/40, 80/20 etc. You are in control.
Split loan calculator demonstrates how different split options could work for you.