anz home loan calculator information and additional resources.
There are 2 types of home loan calculator program available depending on what you are trying to achieve.
- 1. The typical home loan calculator that you find on all banking websites for calculating loan repayment amounts and terms
- 2. A more specialised calculator that reviews financial records to locate errors and obtain refunds for borrowers
Taking a little bit of time to learn about and use these different calculators can save you thousands of dollars in future expenses or even gain you a refund from your lender (if you are an existing borrower). See below for more detailed information.
1. Standard Loan CalculatorAt LoanSense.com.au you can evaluate your current loan or mortgage and test "what if" scenario's for a new loan you may be considering.
or you can click on the bank names below to go directly to the loan calculator webpages of the 4 major australian banks
National Australia Bank
ANZ Bank
Westpac Bank
Commonwealth Bank
For home buyers these calculators will help you calculate -
- how much you can borrow
- your home loan repayments
- your home loan fees
- your offset savings
- your Comparison Rate
- various home loan scenario's, etc.
As an excellent alternative to the free loan calculators provided by the banks there are specialized loan calculators which you can purchase.
You may ask, why buy a calculator when there are free ones available? The functions provided by these special purpose software programs designed
for existing borrowers are not found in any of the free programs. In fact, the banks don't want you to know about these programs because they pick
up on bank errors and force the banks to make refunds to borrowers.
Are you aware that in May 2005 both the National Australia Bank and Commonwealth Bank each made refunds to 100,000 customers who
had been overcharged on loan fees. That's 200,000 Australians who didn't know they were being overcharged. This is just the tip of the
iceberg. When banks make a mistake it is nearly always in their favour, and banks make a lot of mistakes as we have just shown.
The software we are referring to that can pick up bank mistakes has been seen on...
- A Current Affair
- Money
- 7:30 Report
- 4 Corners
- Today Tonight
- The Home Loan Checker (checks the interest calculations on your home loan/mortgage, including line of credit loans)
- The Investment Forecaster (shows the additional interest you may earn over a period of time at a certain rate of interest or at various rates of interest).
- The Mistake Compounder (calculates what a bank error at some time in the past is actually worth now)
- The Home Loan Forecaster (allows you to determine what your repayments would be at different interest rates, payment modes and loan amounts)
- The Offset Account Checker (calculates the interest on your savings account that should be offset against your mortgage account)
- The Effective Rate Converter (shows the "true rate" that your lender is charging)
Information and prices on Mortgage Checking Programs »»
HOME LOAN CLUB for Free Loan Quotes
Ask the Home Loan Club for a free, no obligation quote on a Home Loan, Refinancing, Debt Consolidation, Line of Credit etc. You can apply online!The Home loan Club is a unique organization that acts as a middleman with access to multiple brokers, maximizing the number and type of loans to select from. They have an intimate understanding of how the loan process works and the criteria used by the different lending institutions. This makes for a much smoother and faster loan application process, while guaranteeing you a better deal.
For your security, the Home Loan Club only use mortgage brokers who are members of the Mortgage Industry Association of Australia (MIAA).