Split loan calculator

You can easily apply for a split loan online or by connecting with one of our friendly Home Loan Specialists.

If you apply online, you may notice that you will be asked to select one home loan. When you get to this part simply select one of your choices and let your Home Loan Specialist know you’re interested in a split loan when they contact you. This is explained during the online application process, so you don’t need to worry about missing this step.

Simply enter the total amount of your home loan (or how much you want to borrow) and the interest rate for both loans. Then select how you would like to split your loan portions. The calculator will run the numbers for you and tell you the repayment amount.

Don’t be afraid to experiment with your percentages. For example, you may prefer to have 60 per cent of your loan in the fixed rate portion and 40 per cent variable instead of a 50/50 split.

The split loan calculator estimates your repayments so you can get an idea of your potential savings when splitting your home loan. As always, if you have a question, our Home Loan Specialists are here to help.

The split loan calculator is useful for estimating your repayments before you decide to apply for a split loan. You’ll also receive a breakdown of the fixed portion and the variable portion of your loan.

Feel free to try a few different combinations and scenarios to find your ideal split loan.

Splitting your home loan is one way of gaining greater control over your repayments. You'll manage the risk of an interest rate rise with a fixed portion, while the variable portion means you won't miss out on the savings if interest rates drop.

Many variable rate loans come with extra features such as an offset account and no limits on making extra repayments; a split loan lets you take advantage of these features too.

If you're refinancing or simply can't decide between a fixed or variable rate home loan, a split loan can give you the best of both worlds.

You’ll need a minimum mortgage amount of $100,000 to split your loan. And, you can have a minimum of $10,000 in any loan portion. There are no maximum limits

For example, a $100,000 home loan could be split into a $90,000 three-year fixed loan and a $10,000 variable home loan.

You can split your loan at any time. Many of our customers switch to a split loan because their household budget and lifestyle has changed since they first took out their loan. While others apply for a split loan straight away.

If you have a question or are in the research stage for your split loan, we’re here to help. You can connect with a Home Loan Specialist at any time.