A repayment calculator is a tool used to estimate the repayments for a loan or mortgage. It takes into account the loan amount, interest rate, loan term, and any additional fees or charges associated with the loan. The calculator provides an estimated repayment amount, as well as an estimate of the total interest paid over the life of the loan.

Using a repayment calculator you can better understand your financial obligations and plan for the future. It's a useful tool to consider different loan options, compare interest rates and repayment terms, and determine what loan fits best with your budget and financial goals.

It's important to note that these calculations are only estimates and the actual repayments may vary based on lender requirements and other factors. It's always recommended to consult with a financial adviser to fully understand the impact of borrowing on your financial situation and to discuss any questions or concerns you may have about loan repayments.