Lump Sum Repayment Calculator
Calculate how repaying a lump sum affects your loan repayments.
Calculate the repayment timeline using a lump sum repayment. Compare the difference between using a lump sum against not using a lump sum.
Calculate how a lump sum impacts your loan repayment timeline
Repaying part of your loan in a lump sum can be an effective way to reduce your repayment term as well as pay less interest in the long term. But exactly how much of a difference will it make? Using our lump sum repayment calculator you can see exactly how much time it’ll reduce from your loan term as well as the potential interest savings over time.
If you have further questions about your loan repayment and would like to book an appointment with our lending team, click the link below.
Frequently asked questions
Simply input the loan amount, the interest rate, the loan term, and the repayment frequency. Then input the lump sum amount you would be paying and when that would happen. The calculator will then update with your projected loan repayment timeline and show you the difference between using a lump sum repayment against not using one.
Repaying a lump sum can reduce your loan term and total interest paid, however whether it is right for you entirely depends on your personal financial circumstance, goals, and needs. We recommend speaking to a DPM lending specialist in order to fully understand your options and the benefits and costs involved.
Repaying more than your agreed regular loan repayments can be an effective way to reduce your loan term as well as pay less interest. If you have extra funds to do this, you could either spread that amount over increased regular payments, or repay in one lump sum.
The answer for which is the best option is different for each individual person so we recommend speaking to one of our expert lending specialists.
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