Disclaimer

1. The figures shown in this calculator are approximations only and are not guaranteed by Mai Pacific.
2. The Mai Pacific calculator is not an offer for a loan. To apply for an Mai Pacific home loan, you must complete an application form. Approval is subject to Mai Pacific lending guidelines.
3. Mai Pacific cannot and does not predict how quickly or the amounts by which variable interest rates may change. When taking out an Mai Pacific loan, certain fees and charges are payable by the borrower. These include: Government Stamp Duty and Registration Costs; Mai Pacific's Establishment Fee; Lender's Mortgage Insurance; and other fees and charges.
4. Mai Pacific specifically disclaims any liability (whether based in contract, tort, strict liability or otherwise) for any direct, indirect, incidental, consequential, or special damages arising out of or in any way connected with the access to or use of this calculator. Other than as required under consumer protection law, under no circumstances will Mai Pacific and its related companies be liable for any loss or damage caused by a user's reliance on information obtained by using this calculator.
5. The credit provider is Mai Pacific.

Assumptions

1. Repayments
• Minimum repayments are paid at the end of the period
• Additional Repayments are paid at the same time as current repayments
• Loan repayments are constant throughout the loan term.
2. Expenses
• All payments occur at the end of the period
• Credit card bill comes 4 weeks after the start of the loan and every 4 weeks after that.
• Credit card bill is due 25 days after the bill comes.
3. Savings and interest
• Fortnightly and weekly cashflows are assumed to be equally spread over a month ie 1 year has 26/12 fortnights and 52/12 weeks
• Saving patterns remain the same ie over the loan term the member will save the same amount and any salary increases are spent.
• The loan starts at the start of any month.
4. Calculations
• Calculations will be done monthly, however repayments are adjusted depending on your nominated repayment frequency.
• FID, BAD and fees of any type are not included. Bank and government fees and charges are not included.