(function($){ var __translations = gbst.namespace("gbst.loan.app.extrarepaymentscalculator.translations"); __translations.en = { "colors": { "primaryColor": "#30A9DC", "secondaryColor": "#A3C541", "titleColor": "#FFFFFF", "subtitleColor": "#FFFFFF", "subtitleBgColor": "#666666", "textColor": "#4B4B4B" }, "number": { "currency": { "format": { "unit": "$", "format": "%u%n", "htmlFormat": "%u%n" } }, "format": { "delimiter": ",", "separator": "." } }, "labels": { "loanCalculator": { "calculatorTitle": "Extra Repayments", "disclaimer": "Note: The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you consult your financial adviser before taking out a loan." }, "loanControlsView": { "controlsTitle": "Your loan details", "principal": "Loan amount", "interestRate": "Interest rate", "term": "Loan term", "termFormat": { "one": "{{count}} year", "other": "{{count}} years" }, "frequency": "Payment frequency", "extraContribution": "Extra contribution", "extraContributionStartYear": "Extra contribution starts after", "extraContributionTitle": "Your extra contributions details", "chartTableRadioButtonLabel": "" }, "resultsView": { "timeSaved": "Time saved", "interestSaved": "Interest saved", "minRepayment": { "month": "Minimum monthly repayments", "fortnight": "Minimum fortnightly repayments", "week": "Minimum weekly repayments" }, "incRepayment": { "month": "Increased monthly repayments", "fortnight": "Increased fortnightly repayments", "week": "Increased weekly repayments" }, "yearsFormat": { "one": "year", "other": "years" }, "monthsFormat": { "one": "month", "other": "months" }, "resultsHeader": "Your results", "showDisplayType": true, "displayType": { "graph": "Graph", "table": "Table", "borderColor": "#FFFFFF" }, "amortizationTable": { "paymentNumberHeader": "Payment #", "principalHeader": "Principal", "interestHeader": "Interest", "balanceHeader": "Balance" } }, "chartView": { "originalBalanceTitle": "Original Balance", "balanceAfterExtraRepaymentsTitle": "Balance after extra repayments", "xAxisTitle": "Years", "yAxisTitle": "Amount owning ({{unit}})" }, "chartTooltip": { "title": "Year {{year}}", "loanItemHeader": "Loan item", "remainingValueHeader": "Remaining value" }, "infoBox": { "title": "Calculator Information", "content": "

The Extra Repayment Calculator calculates the time and interest saved paying off a loan given additional extra repayments. The extra repayments are made after the establishment of the loan, and are in addition to continuing the regular repayments. The calculation is performed at the repayment frequency entered.


The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'. This estimate does not take into account any assumed change in the cost of living between the time of the preparation for the estimate provided or the future.

Calculator Assumptions

Length of Month

Months are of equal length. However given some months are longer than others interest charged will vary depending upon the month.

Number of Weeks & Fortnights in a Year

One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.

Rounding of Repayment Amounts

The calculator uses the unrounded repayment to derive the amount of interest payable over the full term of the loan, however, institutions round repayments to the nearest cent. Unrounded payments provide for constant line within the graph. 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.

Rounding of Time Saved

The time saved is presented as year/month saved. The figure is round down to the closest month thus slightly understates the saving.

Amount of Interest Saved

This number is not rounded and is approximated from the time saved.

" } }, "defaults": { "values": { "principal": 100000, "interestRate": 7.5, "term": 25, "frequency": "month", "extraContribution": 100, "extraContributionStartYear": 5, "displayType": "GRAPH", "hasSaveFeature": true }, "controls": { "principal": { "min": 500, "max": 1000000, "step": 500, "keyboard": false }, "interestRate": { "min": 1, "max": 15, "step": 0.01, "keyboard": false }, "term": { "min": 1, "max": 30, "step": 1, "keyboard": false }, "frequency": [ { "label": "Monthly", "value": "month" }, { "label": "Fortnightly", "value": "fortnight" }, { "label": "Weekly", "value": "week" } ], "extraContribution": { "min": 0, "max": 20000, "step": 100, "keyboard": false }, "extraContributionStartYear": { "min": 0, "max": 30, "step": 1, "keyboard": false } } } }; }(jQuery));