Disclaimer & Assumptions

Disclaimer

The results shown by the calculator are for illustrative purposes only and do not guarantee any future outcome. The calculator makes certain assumptions about how interest is calculated and how it is applied to a debt product. Your actual debt repayment may differ from the estimated figures shown. Assumptions include the following:

• Your first debt payment begins the first day of the next month.
• Interest is compounded at the same frequency as the repayments. For example, interest is compounded monthly if the debt is repaid on a monthly basis.

For any loan you are considering, you should find out how the interest you will owe is calculated. For example, the more frequently interest is compounded, the higher the annual interest rate, resulting in a higher cost of debt over time.

Any choices you make or data that you enter while using the calculator are erased once you have finished using the calculator. However, you have a responsibility to ensure that you exit the website when you are finished with the calculator, especially if you leave your computer for any length of time.

The calculator should be used in conjunction with other available communications and not as the sole source of information when making decisions about your personal finances.

You may wish to seek independent financial advice before making any personal finance decisions.