Terms and Conditions

Conditions of Use By using this Calculator, you acknowledge that you are responsible for adhering to any applicable local laws and that you will be governed by these terms and conditions of use as well as all other applicable laws and regulations. It is forbidden for you to use or access this calculator if you disagree with any of these terms. The content on this website is shielded by relevant copyright laws. Cars35.com is the exclusive owner of all code and material, which cannot be copied, reproduced, altered, reprinted, or redistributed without the owner of the website's express written consent.

No guarantees Without any stated or implied guarantees or warranties, this Calculator is offered "as is." Regarding this Calculator and the data and resources it contains, Cars35.com disclaims any representations and warranties. Cars35.com makes no guarantees regarding:

This website is guaranteed to be up and running at all times, or to include comprehensive, accurate, and truthful information that is not misleading. Although Cars35.com considers the calculators, information, and advise are trustworthy, we don't guarantee the correctness, dependability, timeliness, utility, or completeness of the advice or information. This Calculator advice and information are all meant to help you make financial decisionsSince every financial situation is different, our information and advice might not be suitable for you. Any information or advice you get from this Calculator should not be relied upon. You assume all risk if you rely on any information or advice. This website does not contain, nor is it intended to constitute, any form of advice. You should speak with a qualified expert if you need help on any legal or financial issues. This website's content is solely intended for general informational purposes; do not interpret anything here as expert financial advice. We disclaim all liability for any loss, whether financial or otherwise, that results from using the advice provided on this website.

Calculator Assumptions

Length of Month

All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days interest dependent on the number of days in the particular month.

Number of Weeks or Fortnights in a Year

One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.

Rounding of Amount of Each Repayment

In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount.

Rounding of Time Saved

The time saved is presented as a number of years and months, fortnights or weeks, based on the repayment frequency selected. It assumes the potential partial last repayment when calculating the savings.

Amount of Interest Saved

This amount can only be approximated from the amount of time saved and based on the original loan details.

Calculator Disclaimer

The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.