Lump sum repayment works much like extra repayments. A lump sum repayment does have a significant effect on the home loan, and you can save money by making an early lump sum payment. Making an early lump sum payment has a major impact on the interest you will pay.
What impacts can it make on your home loan?
This calculator helps you estimate how much time and interest you can save over the life of your loan if you make a one-off lump sum repayment into your loan facility.

• Firstly, you need to choose a repayment frequency. Frequent repayments will reduce the interest paid and also extend the life of your loan.
• Decide a particular time at which you will be able to make the lump sum repayment. The earlier this is done, the easier it will be for you to save the money.
• The calculator will use the above points to calculate your total interest savings.