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<calculator>
 <vos>
 <common>
 <ShowStampDutyAssumption value="true" />
 <AssumptionText type="cdata"><![CDATA[
 Calculator Information
 The Principal and Interest Calculator provides a schedule 
 of your monthly repayments and shows you what portion goes 
 towards interest and what portion goes toward paying
 off the principal amount borrowed. Once finished you can
 keep a permanent record by printing each page of the schedule. 
 You will also be able to save the whole schedule to your
 computer by clicking on the save icon.

Calculations do not take into account any possible fees or government grants.

Using the calculator does not guarantee you will be eligible for a loan. You will need to satisfy a lender’s loan criteria.
Interest rate does not change over the term of the loan.
Interest is calculated assuming monthly compounding. In practice, the compounding frequency may differ from monthly.
The final repayment, when extra payments are made above what is required to repay the loan in full, will be a reduced (or partial) payment. This is required in order to finalise the repayment of the loan without paying above what is required to fully repay the loan.

Calculator AssumptionsLength of Month All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days' interest dependent on the number of days in the particular month. 
 
 Rounding of Amount of Each Repayment In practice, repayments are rounded to at least the nearer cent. Note that the final repayment after the increase in repayment amount will be a partial repayment as required to reduce the loan balance to zero. 
 
 ]]></AssumptionText>
 <Footer type="cdata"><![CDATA[Note: The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.Results are based on information you have provided and do not take your personal circumstances into account.This calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product. You should consider obtaining advice from a financial services licensee before making any financial decisions. Calculator © InfoChoice 2024.]]></Footer>
 </common>
 <amortisation>
 <LoanAmount type="num" default="300000" step="1000" max="2000000" min="30000" />
 <LoanTerm type="num" default="25" max="40" min="3" step="1" />
 <InterestRate type="num" default="6.25" max="20" min="0" step="0.25" />
 <ExtraAmount type="num" default="100" step="100" min="0" max="50000" />
 <LoanAmountForm label="Loan Amount" />
 <LoanTermForm label="Loan Period" />
 <InterestRateForm label="Interest Rate" />
 <ExtraAmountForm label="Extra Repayments" />
 <LoanAmountRanges value="0,1000000,2000000,5000000,10000000" />
 <LoanAmountValues value="10000,50000,200000,500000" />
 <LoanAmountInputMax value="10000000" />
 <ExtraAmountRanges value="0,20000,1000000" />
 <ExtraAmountValues value="100,1000" />
 <ExtraAmountInputMax value="1000000" />
 </amortisation>
 </vos>
</calculator>

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