Calculate your mortgage repayments
See what your repayments could look like to help you work out your budget and plan your next step. Adjust the loan amount, length of loan term and interest rate type to get an estimate.
Ready to get an estimate of your mortgage repayments?
Enter the loan details below to see what your minimum mortgage repayments could be with an NRMA Home Loan.
Your estimated minimum home loan repayments would be $0 /month
Total loan repayments $0
Total interest charged $0
Interest rate based on your home loan preferences
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From estimating potential borrowing capacity to working out monthly loan repayments, we’ve got tools to help you with your planning.
Repayments calculator FAQs
The repayments calculator creates an estimate on what home loan repayments could be based on the loan amount and loan term entered, current interest rates and the variables selected.
The minimum home loan deposit required for an NRMA Home Loan is 10% of the property value.
If you borrow more than 80% of a property’s value, you may be required to take out Lenders’ Mortgage Insurance.
If you already own a property, you can also use the equity in your home as an investment property deposit. If you have enough equity, you can borrow up to 80% of the property value without having to use your own cash.
With NRMA Home Loans, you may be able to borrow between $50,000 and $2,000,000.
The amount available to borrow depends on multiple factors. This includes your income, other financial commitments, and family situation (for example de facto, single, number of dependents) and the loan purpose.
When calculating your borrowing power, lenders consider your ability to comfortably meet the loan repayment requirements, which can be impacted by the factors above. While you also won’t be able to borrow more with a higher deposit amount, it may increase your maximum purchase price.
Use the Borrowing calculator to find out your borrowing capacity before starting the application process.
When you apply for a new NRMA Home Loan, you’ll need to provide ID and proof of your finances.
You’ll be asked to digitally verify one of these forms of ID:
- Driver’s licence
- Australian passport
- Foreign passport with an Australian visa
- Medicare card.
You’ll also be asked to verify your current financial situation.
You can do this by linking your bank account(s) to the digital verification technology we use. Or, by manually uploading copies of your transaction statements, loan statements and credit card statements (we’ll let you know what documents are needed during the application).
A credit check will be run once you complete your personal details and have read and consented to the Privacy Disclosure and Consent Form.
Once you submit your documents and your application, you’ll find out if your loan is approved, or if more information is needed.
Need help? Get support and answers to your home loan questions.
Ready to get started? Apply now or continue your NRMA Home Loan application.
Things you should know
All lending interest rates are subject to change. Rates are for new lending and may differ for existing customers. Other fees and charges may be applicable and can be found on the Rates & Fees page.
Important information about the comparison rate: The comparison rate displayed is calculated for a loan of $150,000 over 25 years. WARNING: The comparison rate displayed is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.