**Loan amount**- The amount of money that can be financed by the loan.
**Interest rate**- Percentage rate of interest charged annually on the interest only loan.
**Term**- Number of years it will take to repay the loan.
**Loan repayment**- Total amount of money paid periodically as principal and interest. It is assumed that you have not paid any outstanding interest.
**Total repayments**- Total amount of dollar paid monthly to pay back the loan. This is the amount you pay without any prepayments.
**Total interest**- Total amount of dollar you pay as interest over the life of the loan. This is the amount you pay in case you make no prepayment of principal.
**Ending balance**- Balance at the end of the interest only loan term.

Summary

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Software Name

Interest Only Loan Calculator (Australian)

Operating System

IOS, ANDROID, WINDOWS, MAC

Software Category

CALCULATOR

Price

USD FREE

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