Online financial calculators

Font Size:

There are a number of useful financial calculators online that can help you to manage your finances more accurately and efficiently. These include mortgage calculators, personal loan calculators and credit card debt calculators.

Naturally most of the banks provide these types of calculators on their websites and while they are quite useful, it is worth seeking some more impartial and balanced advice. To help you do this we’ve provided a list of some of the better financial calculators available online.

Mortgage Calculators

Mortgage calculators are a great place to start whether you’re considering your first ever mortgage or your tenth. What they do is help you work out the duration of the loan depending on your loan amount, the interest rate and the repayments you plan on making. They are also a useful way of comparing interest rates and therefore help you to choose the best home loan for your circumstances.

The Your Mortgage website provides a very good mortgage calculator. It is very easy to use. You simply enter the loan amount, the interest rate and the loan period. In addition to its mortgage calculator, the website also provides a number of other useful resources including life insurance calculators, income protection quotations and comparison tools.  

Personal Loan Calculators

The Government’s MoneySmart website is a great resource for financial calculators because it gives impartial information and advice that you can trust. Their personal loan calculator is very useful and gives plenty of options. One of its better features is that it provides three different options, depending on your needs:

• How much can I afford to borrow?
• How long will it take to pay off?
• How much will my repayments be?

Credit Cards Calculators

Again, the MoneySmart website provides a useful and trustworthy calculator to asses your credit card debt. Ultimately it helps you to work out how long it will take to pay off your credit card debt. You can easily adjust the results by changing the amount of repayments that you’re willing to make. This can be very helpful if you feel that your debt is out of control and you’ll never be able to clear it. By breaking it down into the repayments you can get a better grasp of what you owe and adjust your weekly budget accordingly.  

Have you ever used any of these calculators? Have you seen any other useful calculators that you would like to share?



SPONSORED LINKS

Sign-up to the YourLifeChoices Enewsletter

continue reading

Seniors Finance

Be a savvier saver with these nine tips

Many people have seen their savings pots wiped out by the impact of the pandemic. At the other end of...

Finance News

Big four banks dragged to court over credit 'rort'

Screaming, dressed in glistening armour and wielding an axe, Aaron Flores has defended the honour of Australia on the battlefield....

Health news

Public toilets are a disease risk

The COVID-19 pandemic has forced more people than ever to consider the potential for airborne particles to damage their health,...

Stylewatch

Kurt Russell and Goldie Hawn's best style moments

They're one of Hollywood's most enduring - and beloved - celebrity couples. Kurt Russell and Goldie Hawn started dating on...

Superannuation News

Super fund recovery steps up pace

Long-term trends such as the digitisation or economies and work automation, which have been sped up by the COVID-19 pandemic,...

Finance News

Financial advisers lobby for permanent reduction in regulation

The financial services sector wants consumer protection laws watered down, claiming they are pushing the cost of financial advice beyond...

Legal & General

Is there a safe way to block estranged child from will?

Can Angie block an estranged daughter from her will without consigning her other children to a drawn-out challenge after her...

Health

How to stop gas pain

Flatulence, commonly referred to as 'farting', is caused by gas in the bowel. Ordinarily, the intestines produce between 500 and...

LOADING MORE ARTICLE...