FAQs

Online calculation devices do not have the ability to discern between the credit profiles of users or allow for lender fees. Any offers can be different to calculator estimates.

Yes. By typing in the interest rate for the credit product required, the calculation device can be used for all credit types.

For the purpose of calculating estimates, users can type in the interest rate currently being displayed by the lender or any other rate.

Online calculation devices do not store results in a memory. Users need to write results separately for future reference.

No. Online finance calculation devices only calculate figures based on data entered. If GST is applicable to repayments, this is not allowed for in the results.

Online calculation devices only generate estimates as they do not include lender fees and charges and do not assess credit scores. Credit scores can affect the rate offer.

Changing the loan term by typing in another value will show repayment estimates for different terms.

No. When using the device for calculations involving a balloon, do not subtract the balloon from the loan total. The device handles that computation.

No maths skills are required to use on online financing devices. It only requires basic computer skills to type in the amounts in the designated spaces.